Review - Africa Govt and Economy

The skills and training of a country's workforce

• Capital Goods

• Human Capital

• Capital Gain

• GDP

Goods needed to produce other goods, such as factories, tools, and machines

• Human Capital

• Capital Goods

• GDP

• Infrastructure

A country with strong educational systems and training has...

• Too many educated citizens

• lower GDP

• higher GDP

• higher rates of disease

Major industry in Nigeria

• automobile manufacturing

• oil

• diamonds

• farming

Major industry in South Africa

• oil

• automobiles

• farming

• mining

What are the effects of the discovery of oil in Nigeria?

• Auto industry improved; corruption increased

• Economy weakened; fewer jobs

• Economy improved but environmental problems increased

• lower GDP

Entrepreneurs

• Take all the risks of owning their own business

• Ruin a country's economy

• Are not allowed in democratic countries

• Own their own business without the fear of risking their own resources

A higher standard of living is tied to____

• lower literacy rate

• higher literacy rate

• lack of schools and training

• is not related to education

If a country wants to produce more goods, they should__

• stop trading with other countries

• invest in new and efficient methods of production

• conserve natural resources

• decrease training for workers

Citizens have little say; little power

• Parliament

• Republic

• Autocracy

• Democracy