SS7E1, SS7E3 African Economies and Factors of Production

Front

Where do Nigeria, Kenya, and South Africa fall on a line divided into thirds between 'pure market' and 'pure command'?

Back

In the center section

Front

Why is literacy so important to a country's success?

Back

Educated, skilled workers help a country grow and prosper.

Front

Why is government stability important to a country's success?

Back

A government at war is unlikely to use resources to train teachers, build schools, or provide supplies.

Front

Which statement best describes patterns of wealth in Africa?

Back

The wealth of countries is varied because natural resources are unevenly distributed.

Front

The South African economy can BEST be described as a

Back

mixed market economy.

Front

Country with:

• Mixed economy
• Many ports along the Atlantic Ocean
• Africa's largest producer of petroleum
• Must import much of their goods for consumers
• Corruption and waste has plagued their economy and government for decades

Back

1

Front

South Africa has a GDP of $419.02 billion. Based on this, what conclusion can be drawn?

Back

Natural resources play a key role in economic development.

Front

Which country most likely has the LOWEST investment in human capital? (Options: Egypt, Nigeria, South Africa, Sudan)

Back

Nigeria

Front

What is a capital investment that would MOST benefit South Africa's economy?

Back

industrial gold-mining equipment

Front

Is Thabo an entrepreneur? Why or why not?

Back

Yes, Thabo is an entrepreneur because he manages and operates his own business and accepts the risk of the business failing.