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Africa Econ & Current Events

Total questions: 76

Worksheet time: 40mins

Name
Class
Date
1.

who is this

a)

ur mum

b)

ur dad

c)

tom brady

d)

Matty Ice

2.

According to American government officials, what country is moving twice as fast as the U.S. to develop its capabilities in space?

a)

United States

b)

Russia

c)

China

d)

France

3.

December 7, 2021 marked the 80th anniversary of what historic event, which triggered U.S. involvement in World War II?

a)

Attack on Pearl Harbor

b)

Iraq

c)

New York twin towers

d)

Ukraine

4.

The U.S. might provide what for Ukraine?

a)

Internet

b)

Fighter Jets

c)

Water

5.

People in Ukraine have been living without what?

a)

Food

b)

Water

c)

Electricity

d)

Food, Water, and Electricity

6.

TRUE or FALSE: The people leaving the Ukraine cities will be provided with hotel rooms.

a)

True

b)

False

7.

In a tornado, warm air goes up, and cold air goes _____

a)

Up

b)

Down

8.

Which of the Great Lakes has seen the most shipwrecks?

a)

Lake Michigan

b)

Lake Erie

c)

Lake Huron

9.

What specific cryptocurrency was worth $68,000 in November but had fallen to less than $36,000 by the beginning of this week?

a)

Bitcoin

d)

Solana

10.

As discussed on Monday's show: The U.S. Federal Reserve may raise interest rates this year to combat what problem?

a)

Surplus

b)

Inflation

c)

Unemployment

d)

Housing slump

11.

Volodymyr Zelensky is president of what nation, which is geographically and politically divided between East and West?

a)

Belarus

b)

Georgia

c)

Armenia

d)

Ukraine

12.

What is the name of NASA's new space telescope that recently reached its home in orbit around the sun?

a)

Webb

b)

Hubble

c)

Leonardo

d)

Gamma Ray

13.

In what African country is the Samara Private Game Reserve seeking to restore an ecosystem's health through the process of rewilding?

a)

Nigeria

b)

Ethiopia

c)

Madagascar

d)

South Africa

14.

Every year, Holocaust Remembrance Day marks the liberation of what Nazi concentration and death camp in Poland?

a)

Bergen-Belsen

b)

Dachau

c)

Auschwitz

d)

Sobibor

15.

Ukraine's president has asked the U.S. and other supporting countries to establish what kind of zone in the skies over Ukraine?

a)

No-Fly zone

b)

No-Transport zone

c)

Demilitarized zone

d)

No-trade zone

16.

This week, the U.S. government announced it would stop importing what commodity from Russia, which is a major global producer of it?

a)

Electricity

b)

Steel

c)

Oil

d)

Medicine

17.

Russia and Ukraine supply more than 25 percent of what crop, whose prices are expected to rise during their ongoing war?

a)

Corn

b)

Broccoli

c)

Pineapple

d)

Wheat

18.

Yoon Suk-yeol won this week's presidential election in what nation, which is an ally of the U.S. and a rival of its neighboring country?

a)

Thailand

b)

Cambodia

c)

Vietnam

d)

South Korea

19.

Who did President Biden appoint as the Supreme Court Justice?

a)

Mrs. Orris

b)

Mrs. Webster

c)

Donald Trump

d)

Ketanji Brown Jackson

20.

President Biden signed how much money in aid to help Ukraine last week?

a)

13.6 Billion

b)

2 Billion

c)

14 Billion

d)

10 Million

21.

The lack of clean, abundant water in many countries south of the Sahara Desert (Sub−Saharan) in Africa

has what effect?

a)

The economies of these countries are based on technology

b)

The majority of people have left these countries

c)

Natural resources are abundant, so water isn’t an issue

d)

Trade and industry did not develop adequately

22.

The lack of clean, abundant water in many countries south of the Sahara Desert (Sub-Saharan) in Africa has what effect?

a)

The economies of these countries are based on technology

b)

The majority of people have left these countries

c)

Natural resources are abundant, so water isnt an issue

d)

Trade and industry did not develop adequately

23.

What is the economic term used as a strategy of other countries to end apartheid?

a)

Free trade

b)

trade barriers

c)

entrepreneur

d)

embargo

24.

All of the following are the result of government instability EXCEPT:

a)

High population growth and longer life expectancy

b)

poor opportunities for education

c)

lack of medicine and food

d)

the inability to combat disease and famine

25.

Which of these is NOT a barrier to trade?

a)

Embargo

b)

Tariff

c)

Free Trade

d)

Quota

26.

What does Gross Domestic Product (GDP) measure?

a)

The total value of the final goods and services produced within the borders of a country in one year

b)

How much product a country produces

c)

The total amount of natural resources a country has

d)

The total number of production each working individual produces

27.

What are South Africa's top exports?

a)

Salt and megnesium

b)

Gold and platinum

c)

wood products and furniture

d)

sand and produce

28.

What type of economy does Kenya have?

a)

traditional

b)

command

c)

market

d)

mixed

29.

Which country has the largest economy?

a)

Nigeria

b)

Kenya

c)

South Africa

d)

Ethiopia

30.

Which is NOT a basic economic question?

a)

FOR WHOM should goods/services be produced?

b)

WHAT goods/services should be produced?

c)

WHERE should goods/services be produced?

d)

HOW should goods/services be produced?

31.

What type of economy do ALL modern countries have?

a)

Market

b)

Mixed

c)

Traditional

d)

Command

32.

How is a market economy different from a command economy?

a)

In a market economy, the individuals answer all of the economic questions

b)

In a command economy, the government answers all of the economic questions

c)

Both

d)

Neither

33.

How can specialization benefit trade between countries?

a)

Countries create better quality items when they specialize in something.

b)

Other countries are willing to pay more for better quality.

c)

In order to specialize in something, a country cannot make everything it wants and needs so they must trade.

d)

All of the above

34.

Which is NOT example of a trade barrier?

a)

Exchange rate

b)

Tariff

c)

Quota

d)

Embargo

35.

How does investing in capital resources affect GDP?

a)

The more a country invests, the higher the GDP

b)

The less a country invests, the higher the GDP

c)

The more a country invests, the lower the GDP

36.

How does investing in human capital affect GDP?

a)

The more a country invests, the higher the GDP

b)

The less a country invests, the higher the GDP

c)

The more a country invests, the lower the GDP

37.

Why are natural resources important to a country?

a)

They can use them to produce goods and services cheaper than a country that has to import them

b)

They can trade them with other countries and make money

c)

Both

d)

Neither

38.

Who determines which goods and services will be produced in a communist economic system?

a)

government officials

b)

farmers

c)

consumers

d)

business leaders

39.

A _______ economic system is when citizens cannot own businesses or property, there is no competition between businesses, and the government owns all industries.

a)

Free Enterprise

b)

Communist

c)

Socialist

d)

Traditional

40.

An economic system in which the government owns some of the industries and businesses while setting some of the prices is called _____.

a)

Free Enterprise

b)

Socialism

c)

Communism

d)

Traditional

41.

An essential characteristic of a communist economy is the _____.

a)

interaction of supply and demand

b)

government ownership of property

c)

organization of worker unions

d)

privatization of business

42.

What is the main characteristic of a free enterprise economy?

a)

The government owns the means of production.

b)

All wage earners are paid the same amount.

c)

Labor Unions are prohibited (forbidden).

d)

Businesses are driven by supply and demand the desire for profits.

43.

For what reason would people choose a government that is ruled by many (democracy) over one that is ruled by few (oligarchy or dictatorship)?

a)

In rule by many, the government has more power over the people.

b)

In rule by few, the government always follows the laws.

c)

In rule by few, the government has the people's best interests in mind.

d)

In rule by many, the government protects the rights of the citizens.

44.

Managing scarce resources such as money and time is called _____.

a)

sociology

b)

political science

c)

economics

d)

geography

45.

What is Nigeria’s most valuable natural resource?

a)

gold

b)

oil

c)

timber

46.

The basic things necessary for all humans, like air, food, clothing, and shelter

a)

wants

b)

services

c)

needs

d)

producer

47.

The things that would make lives more comfortable or enjoyable.

a)

wants

b)

needs

c)

consumers

d)

natural resources

48.

The work or activities people perform, often for a fee .

a)

Needs

b)

Wants

c)

Goods

d)

Services

49.

Tangible items (things you can touch) such as food, clothing and furniture.

a)

Goods

b)

Services

c)

Wants

d)

Needs

50.

A person who satisfies a need or want by buying a good or service.

a)

Producer

b)

Entrepreneurship

c)

Factors of Production

d)

Consumer

51.

A person or group of people who use resources to make goods or provide services.

a)

Consumer

b)

Goods

c)

Producer

d)

Services

52.

The things needed to produce goods and services.

a)

Goods

b)

Factors of Production

c)

Services

d)

Producer

53.

Something that comes from Earth or nature that is useful to humans.

a)

Goods

b)

Needs

c)

Factors of Production

d)

Natural Resources

54.

Tools used in the production of goods and services(mills, factories, machines).

a)

Natural Resources

b)

Human Resources

c)

Capital Goods

d)

Services

55.

People who produce goods or services: they supply the labor.

a)

Services

b)

Human Resources

c)

Capital Goods

d)

Natural Resources

56.

When a country focuses on producing the goods and services they can make best and trading for what they are unable to produce.

a)

Specialization

b)

Human Resources

c)

Capital Goods

d)

Services

57.

The ability to organize, manage, and take on the risks of a business or enterprise.

a)

Human Resources

b)

Entrepreneurship

c)

Consumer

d)

Producer

58.

The amount left after costs are subtracted from a price.

a)

Expense

b)

Income

c)

Profit

d)

Loss

59.

Money taken in; the source could be a gift or prize, money earned for performing a task, an allowance, earnings at a job, or earnings from an investment.

a)

Profit

b)

Capital Goods

c)

Expenses

d)

Income

60.

The costs related to a business; or the spending of some income for various needs and wants.

a)

Needs

b)

Expenses

c)

Profit

d)

Wants

61.
An economic system is a way in which people decide to organize the production, distribution, and consumption of goods and services.
a)
true
b)
false
62.
What, how, and for whom to produce are the basic economic questions that every society must answer.
a)
true
b)
false
63.
Most societies have some type of mixed economy.
a)
true
b)
false
64.
Tax on imported goods is ___________
a)
a tariff
b)
a quota
c)
an embargo
d)
the reason we can't have nice things
65.
A limit on imported goods is  _____________________ 
a)
a tariff
b)
a quota
c)
an embargo
d)
a lemonade stand
66.
When we completely stop trading with another country, it's called ____________________
a)
a tariff
b)
a quota
c)
an embargo
d)
a hissy fit
67.
In 1962, the United States prohibited (stop) all imports and exports to and from Cuba.  This is an example of a(n) _______.
a)
Tariff
b)
Embargo
c)
Quota
d)
Entrepreneur
68.
What is the definition of economic specialization?
a)
Producing all goods and services needed for a country’s growth, so that trade with other countries is not needed.
b)
Producing those goods a country can make easily so they can trade them for goods made by others that cannot be produced locally
c)
Directly swapping goods from one country to another withouthaving to use money
d)
Trying to avoid investing in industry and technology because ofthe expense involved.
69.
People must depend on other people to get things they want.
a)
Interdependence
b)
Shortage
c)
Trade
d)
Specialization
70.
Government policies that restrict or stop the flow of goods and services among countries.
a)
Trade
b)
Shortage
c)
Trade Barrier
d)
Scarcity
71.
Trading without anyone forcing you to do so.
a)
Voluntary Trade
b)
Embargo
c)
Trade Barrier
d)
Import
72.

In which type of economy are producers LEAST likely to produce a surplus of goods?

a)

Mixed

b)

Market

c)

Command

d)

Traditional

73.

What can you conclude regarding the literacy rate amongst many southwest Asian countries?

a)

Women tend to have a lower literacy rate than men

b)

Men tend to have a lower literacy rate than women

c)

Women tend to have a higher literacy rate than men

d)

Men tend to have a higher literacy rate than women

74.

Define: Mixed Economy

a)

An economy with elements of market

b)

An economy with elements of both market and command

c)

An economy with elements of command

75.

Who is this?

a)

Ronald Acuna Jr

b)

Ferando Tatis Jr

c)

Sammy Sosa

d)

Ozzie Albies

76.

Who just bough about 10% of Twitter stonks?

a)

Mark Zuckerburg

b)

Mrs. Graham

c)

Elon Musk

d)

Kim Jong Un