4th 9 Weeks Final Review Part 1 Question Preview (ID: 37579)
Review For Final Exam.
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The economies of South Africa and Nigeria can best be described as what?
a) mixed
b) market
c) traditional
d) command
How has Nigeria's concentration on oil affected the country's economy?
a) It hasn't had much affect on the economy.
b) Agriculture has suffered greatly and they now must import food.
c) The government is working hard to educate their citizens.
d) It has led to civil war.
How has Nigeria's decision about investing in capital goods affected many of those who live in Nigeria?
a) The government is working hard to educate their people.
b) Concentration on the oil industry has left Nigerians without proper food and housing.
c) GDP may go down because poorly trained workers will not be able to do their jobs as well.
d)
How is the president of South Africa chosen?
a) It is passed to the next male relative in the familial line.
b) He is elected by the National Assembly.
c) He is directly elected by the people.
d)
If a country does not invest in its human capital, how can it affect the country's GDP?
a) GDP may go down because poorly trained workers will not be able to do their jobs as well.
b) The GDP will remain stagnant.
c) The GDP will increase due to the few skilled workers working hard to meet demands for the country.
d)
Nigeria has invested heavily in which capital goods?
a) mining and heavy industry
b) agriculture
c) gold and diamonds
d) oil production and refining
Nigeria specializes in what?
a) agriculture
b) diamonds
c) oil production
d) gold
South Africa has invested heavily in which capital goods?
a) computers and technology
b) oil production and refining
c) agriculture
d) mining and heavy industry
What are capital goods?
a) total value of goods and services provided
b) gold and diamonds
c) factories and machines used to make goods
d) skills and knowledge workers have
What is GDP?
a) total value of goods and services produced within a country in a year
b) skills and knowledge workers have
c) goods developed for production, distribution, and consumption
d) factories and machines used to make goods
What is South Africa's main export?
a) gold and diamonds
b) mining and heavy industry
c) agriculture
d) oil production
Which country out of South Africa and Nigeria has the highest GDP?
a) Nigeria
b) South Africa
c)
d)
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