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Economic Systems in Africa

Authored by John Robinson

Social Studies

7th Grade

Economic Systems in Africa
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25 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which country is being described?

Egypt

Kenya

Nigeria

South Africa

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

One of the major priorities for the African Union, in its effort to unite the nations of Africa economically, is to create a(n) _ for use by the 53 member nations.

embargo policy

common customs

tariff policy

common currency

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

government has little to say about what, how, and for whom goods are produced; the factors of production are privately owned

traditional economy

command economy

market economy

mixed economy

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What type of economic system is most common in African countries and globally?

Command economy

Market economy

Mixed economy

Traditional economy

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The government controls key industries like oil and agriculture.

Kenya

Nigeria

South Africa

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Why are many African nations investing in fostering entrepreneurship?

To reduce poverty rates.

To boost tourism in their countries.

To strengthen and diversify their economies.

To reduce reliance on government intervention in the economy.

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Why is a currency exchange system important for trade in Africa?

Countries fought over which currency system to adopt.

The exchange fees are essential to growing each country’s wealth.

European nations still control African trade through the currency system.

Africa's many countries each use different currencies.

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