African Economics Unit Review

What is Nigeria’s main export?

• Oil

• Cotton

• Fish

• Textiles

What economic problem is South Africa currently facing?

• High literacy rates

• High unemployment rates

• No trading partners

• Too much government control

What is an example of a physical trade barrier in Africa?

• Quota on Egyptian cotton sheets

• Tariff on Nigerian oil

• The Sahara desert

• Embargo on South Africa

During Nigeria’s long period of military rule, what type of economic system did it have?

• Traditional

• Command

• Market

• Mixed

Which country has the strongest economy in Africa?

• Nigeria

• Botswana

• South Africa

• Sudan

Today, both South Africa and Nigeria have ___________ economic systems.

• Traditional

• Command

• Market

• Mixed

In which has South Africa specialized?

• oil production

• textiles

• meat processing

• gold and diamond mining

How has Nigeria’s concentration on oil production hurt the country’s economy?

• Oil production has caused no problems.

• All children have a free high school education.

• Most Nigerians are wealthy because of oil production.

• Agriculture has suffered and the country must import food.

Why did several members of the United Nations have an embargo on South Africa?

• South Africa refused to participate in international trade.

• They were holding out for better oil deals.

• South Africa needed to lower the price of its gold and diamonds.

• They wanted South Africa to end its apartheid system.

If Sudan’s government puts a limit on how much Nigerian oil it will import this year, what trade barrier is this?

• Embargo

• Tariff

• Quota

• Opportunity Cost