Africa's Economics Question Preview (ID: 54718)


Test On Basic Economics. TEACHERS: click here for quick copy question ID numbers.

If Nigeria passed a law that taxed all imports from Kenya, this would be known as
a) Tariff
b) Quota
c) Embargo
d) Entreprenuer

Under which economic system does the government make almost all of the economic decisions?
a) Traditional
b) Market
c) Command
d) Mixed

What is Nigeria’s main export?
a) Ivory
b) Diamonds
c) oil
d) Chicken

All of these are areas that South Africa has specialized except which?
a) Gold
b) Ivory
c) Diamonds
d) Platinum

Most countries in Africa practice what type of economy?
a) Traditonal
b) Mixed
c) Market
d) Command

Why do most countries in the world today fall somewhere between a market and a command economy?
a) Some government control has never been successful.
b) Government control always makes a market economy more profitable.
c) Most consumers prefer government control to free market.
d) Most countries have found they need a mix of free market and government control to be successful.

In a traditional economy, how are economic decisions made?
a) Customs and traditions
b) A mix of consumers and government leaders
c) Government leaders
d) Consumers

Which economy is dictated by supply and demand and the buyers and sellers?
a) Mixed
b) Market
c) Socialism
d) Command

What is one basic question of economics?
a) Who acquires what goods and services?
b) What is the opportunity cost?
c) What will be produced?
d) What resources are available?

Which type of economy is run by the businesses business owners?
a) Mixed economy
b) Market economy
c) communist economy
d) Command economy

Play Games with the Questions above at ReviewGameZone.com
To play games using the questions from above, visit ReviewGameZone.com and enter game ID number: 54718 in the upper right hand corner or click here.

TEACHERS / EDUCATORS
Log In | Sign Up / Register

Help / Support / FAQ




Gaming Links