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WorksheetsSS7E1: Africa Economic Systems
Total questions: 10
Worksheet time: 5mins
Nigeria has a mixed/command economy. Which resource does the government of Nigeria keep under their control?
oil reserves
heavy industry
cattle production
commercial agriculture
The South African economy can BEST be described as a
command economy.
traditional economy.
pure market economy.
mixed market economy.
All of these are characteristics of a ___ economy.
· Decision making based on supply and demand.
· Adjusts to changes in the market place.
· Producers and consumers have control of the economy.
command
market
socialist
traditional
Which of these is a correct description of one of the ways in which a command economy differs from a market economy?
Market economies discourage free enterprise.
In a market economy, the government sets prices.
Command economies tend to have a higher per capita GDP.
In a command economy, individuals have less economic freedom.
Which number represents the country being described here?
- 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
1
2
3
4
Which question is MOST LIKELY a fundamental economic question?
Who will pay the taxes?
Who will educate the workers?
Who will get the goods and services produced?
Who will do the work to produce the goods and services?
How does a traditional economy differ from a capitalist economy?
In a traditional system, economic decisions are based on custom.
In a capitalist system, the government answers the three basic questions.
In a capitalist system, a central authority owns the factors of production.
In a traditional system, a great variety of goods and services are available.
According to this chart, Egypt might export oil to which country?
Italy
Kenya
Libya
South Africa
Which nation is being described by these statements?
1. This African nation is a major world supplier of gold, diamonds, and platinum.
2. Agriculture only makes up 3.4% of this nation's GDP, and most of that farming is commercial.
3. This nation is a member of the World Trade Organization, and its major trade partners are the United States, the United Kingdom, and Germany.
Kenya
Sudan
Nigeria
South Africa
Which industries are owned entirely or in part by the government in Kenya? (Choose 3)
banking
electricity
manufacturing
mining
transportation
