WorksheetsAfrica Review SS7E3
Total questions: 8
Worksheet time: 4mins
In order to meet their basic needs, many people in Africa rely on the mining industry. Which of the following are the MOST profitable mineral resources found abundantly in Africa?
zinc
diamonds
gold
copper
Which is a major obstacle toward entrepreneurship in Nigeria?
reliance on foreign trade
lack of natural resources
economic specialization
government corruption .
What type of investments would help raise a country's literacy rate and standard of living?
investments in capital goods
investments in human capital
investments in bonds
investments in stocks
How do investments in capital goods raise a country's gross domestic product?
by improving the skills of the labor force
by reducing unemployment
by improving industrial efficiency
by reducing natural resource usage
What contributes to the low standard of living in some African countries?
a lack of available land for industrial production
a lack of available labor for major industries
a lack of valuable natural resources in the region
a lack of educational opportunities for citizens
High literacy rates are generally correlated with
increased regulation of the economy
high levels of entrepreneurship
decreased economic specialization
declines in foreign trade.
In which situation would investment in capital goods be MOST beneficial?
Countries in Kenya cannot afford rising natural resource prices.
Countries in Sudan cannot trade due to economic sanctions
Companies in South Africa cannot find enough skilled workers
Companies in Nigeria rely on outdated industrial equipment
Investments in human capital typically lead to economic growth by
enabling workers to be more productive and earn more money
enabling businesses to charge higher prices for goods they produce.
enabling consumers to have greater access to foreign-made goods.
enabling governments to collect higher taxes from citizens
