Economics in Africa Quiz

How would you describe South Africa's economy on the economic scale?

• Mostly Traditional

• Mostly Market

• Mostly Command

• All the above

What do Kenya, Nigeria, and South Africa have in common about their economies?

• They all have traditional economies.

• The government controls everything.

• They use a mix of market and command systems.

• They are all market economies.

Which country has the most government rules about the economy?

• Kenya

• Nigeria

• South Africa

• None of these

Which African country has the biggest economy because it exports a lot of oil?

• Kenya

• South Africa

• Nigeria

• None of these

Which letter represents Nigeria on the economic scale?

• Market economy

• Mixed economy

• Command economy

• Traditional economy

In many African villages, people trade items without using money. What kind of economy does this show?

• A market economy

• A barter system

• A government-controlled economy

• None of the above

What is a key feature of a command economy?

• Prices are decided by supply and demand.

• The government makes all economic decisions.

• People can trade freely.

• It is based on customs and traditions.

What is a mixed economy?

• A system with only government businesses.

• A system that combines private businesses and government rules.

• An economy based entirely on tradition.

• An economy with no government involvement.

Which type of economy relies on customs and traditions?

• Market economy

• Command economy

• Traditional economy

• Mixed economy

What does it mean when an economy is mostly market-based?

• The government controls everything.

• Prices and production are based on what people want.

• Trading is done through bartering.

• Decisions are made based on traditions.