Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Econ Test South Africa
Test Description: Test of basic economic terms.
Instructions: Answer all questions to get your test result.
1) A traditional economy is based on?
A
Consumers and Sellers
B
customs and beliefs of the past
C
the government
D
Price
2) All components of a command economy are controlled by the?
A
The Government
B
The economy
C
Sellers
D
Buyers
3) Most countries today use are a ________ economy.
A
MIxed
B
Command
C
Market
D
Traditional
4) _________ control everything in an market economy
A
The government
B
Customs and beliefs of the past
C
Consumers and sellers
D
The citizens
5) A _______ is the line between and command and market economy most countries operate on.
A
Scale
B
Continuum
C
Point of sale
D
Number line
6) What percent of South Africa economy falls under command economy and what percent fall under free
A
80 percent command 20 free
B
65 percent free 35 percent command
C
65 percent command 35 percent free
D
none of the above
7) _________ are the people and the money spent to make them more productive workers
A
Tools
B
Natural resources
C
Capital
D
Human Capital
8) What type of economic system is found in the country of South Africa?
A
Traditional
B
Market
C
Mixed
D
Command
9) What two natural resources is South Africa known for and has helped to build a stronger economy?
A
Steel
B
Iron
C
Diamonds and Gold
D
Oil
10) What ended in South Africa which allowed black South Africans to own business, which helped South Africas Market economy become stronger?
A
none of the above
B
Civil War
C
Apartheid
D
British rule
11) Gross Domestic Product (GDP) is a countrys
A
the value of the government
B
total value of all goods and services produced in a year
C
the amount of money goods make in a year
D
total it makes in a year
12) How would a country's GDP be affected by the lack of good human capital and lack of good capital.
A
would remain the same
B
would increase
C
would decrease
D
would slightly increase
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?