Unit 8: Africa

18 Questions | Attempts: 284
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  • 1/18 Questions

    There are several branches of the government which include all except

    • Executive
    • Judicial
    • Legislative
    • Monarchial
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About This Quiz

This quiz is to assess student knowledge of the different types of economic systems that exist globally & Africa. Students will examine how government plays a vital role in determining the type of economic systems in place and what factors influence/impede economic growth.

Africa Quizzes & Trivia

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  • 2. 

    Diamonds are one of Africa's natureal resources. What is another natural African resource?

    • Oil

    • Tobacco

    • Spices

    • Chocolate

    Correct Answer
    A. Oil
  • 3. 

    An entrepreneur is

    • A head of state in control of resources

    • A dictator

    • Person in charge of international trade

    • Person who takes risks by starting a new business

    Correct Answer
    A. Person who takes risks by starting a new business
  • 4. 

    All of the following are examples of entrepreneurs EXCEPT

    • A restaurant owner

    • A concert promoter

    • A military general

    • A child with a lemonade stand

    Correct Answer
    A. A military general
  • 5. 

    A trade barrier is anything that makes trade more difficult. Which is Not a trade barrier?

    • Tariff

    • Embargo

    • Capital

    • Quota

    Correct Answer
    A. Capital
  • 6. 

    All of the following are types of economic systems except

    • Traditional Economy

    • Command Economy

    • Market Economy

    • Voluntary Economy

    Correct Answer
    A. Voluntary Economy
  • 7. 

    All of the following are examples of natural trade barriers EXCEPT

    • Mountains

    • Deserts

    • Rivers

    • Rainforests

    Correct Answer
    A. Rainforests
  • 8. 

    Imports and exports are all apart  of:

    • International Trade

    • Embargo

    • Foreign Exchange

    • Human Capital

    Correct Answer
    A. International Trade
  • 9. 

    All of the following are examples of a market economy EXCEPT

    • Anyone can start a business if they want to

    • Companies control their own production

    • Supply and demand determine prices

    • The state owns all farms, but farmers can rent the land

    Correct Answer
    A. The state owns all farms, but farmers can rent the land
  • 10. 

    Economics is the study of

    • People

    • How people manage their resources

    • The stock market

    • How money is invested

    Correct Answer
    A. How people manage their resources
  • 11. 

    Which term in NOT an example of income? 

    • Compounding interest

    • Salary

    • Return on Investment

    • Credit

    Correct Answer
    A. Credit
  • 12. 

    New technology, factories, and machinery are all 

    • Human Capital

    • Natural Resources

    • Capital Goods

    • Economic Systems

    Correct Answer
    A. Capital Goods
  • 13. 

    Why was Egypt so important to the overall African economy in the past?

    • It had vast oil reserves

    • Egypt had a large military

    • There were no tariffs in that region

    • Egypt had access to various trade routes

    Correct Answer
    A. Egypt had access to various trade routes
  • 14. 

    Which of the following BEST describes the purpose of making a budget?

    • Spending money on luxuries

    • Saving money so that retirement is possible

    • Creating credit card debt

    • Investing in stocks

    Correct Answer
    A. Saving money so that retirement is possible
  • 15. 

    An exchange rate is the price that one country's currency has compared to another country's currency. Which is Not a benefit of exchange rates? 

    • Without it, global trade would be impossible

    • Exchange rates change daily

    • Based upon govenment stability & market strength

    • Has no influence on buying or selling

    Correct Answer
    A. Has no influence on buying or selling
  • 16. 

    Economic Systems answer all  the following questions EXCEPT

    • What is produced?

    • Who gets what is produced?

    • Where will it be produced?

    • Who should produce it?

    Correct Answer
    A. Where will it be produced?
  • 17. 

    Subsistence Farming includes all of the following features EXCEPT

    • Done for Profit-Such as cash crops

    • Grow food to feed the household

    • Done for Need

    • Make use of irrigation methods for watering

    Correct Answer
    A. Done for Profit-Such as cash crops
  • 18. 

    Economic Organizations iwho work together to improve the financial conditions in Africa include all of the following EXCEPT:

    • ECOWAS-Economic Community of West African States

    • OPEC-Organization of Petroleum Exporting Countries

    • NAFTA-North American Free Trade Agreement

    • SADC-South African Development Community

    Correct Answer
    A. OPEC-Organization of Petroleum Exporting Countries

Quiz Review Timeline (Updated): Jul 30, 2011 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Jul 30, 2011
    Quiz Edited by
    ProProfs Editorial Team
  • Feb 13, 2009
    Quiz Created by
    Anitabradley
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