1
-Decentralized decision making
-Adjusts to changes in the market place.
-Producers and consumers have control of the economy.
All of these are characteristics of a ______ economy
Market
Which of these environmental problems is NOT associated with air pollution?
Soil Erosion
Which is a viable way to combat the effects of drought on the population of Sub-Saharan Africa?
Planting many trees
-GDP of $506.1 billion
-World's leading producer of gold
-One of the world's largest producers of platinum and diamonds
-Not a significant producer of uranium or oil
These are all characteristics of the economy of (Kenya, Nigeria, South Africa)?
South Africa
What is one explanation for Nigeria to have a mixed economy with strong command economy elements?
Nigeria's government had a long period of military dictatorship
Tariffs, quotas, and subsidies are examples of
Trade Barriers
All of these are major issues facing governments in Africa except
Pollution and acid rain die to industry and factories in urban areas.
Drought in Sub-Saharan Africa is mainly caused by
lack of rain
Nigeria has a mixed/command economy. Which resource does the government of Nigeria keep under their control?
oil reserves
An import quota is a
legal limit on the amount of a good that can be imported into a country
Which is an example of a capital resource
metal tools
1.This African nation is a major world supplier of gold, diamonds, and platinum.
2. Agriculture only makes up 3.4% of this nation's GDP, and most of that farming is commercial.
3. This nation is a member of the World Trade Organization, and its major trade partners are the United States, the United Kingdom, and Germany.
Which nation is being described by these statements (Kenya, Nigeria, South Africa)?
South Africa
People living in which area are most likely to suffer the effects of desertification in Sub-Saharan Africa?
Farming villages
How might specialization encourage trade?
One nation will focus resources on its specialty, forcing it to buy other products from other nations.
Why are foreign exchange rates necessary in trade?
Rates help to compare prices stated in foreign currency.
Which of these is a correct description of one of the ways in which a command economy differs from a market economy
In a command economy, individuals have less economic freedom
People in Sub-Saharan Africa are least likely to live?
in a desert
-skills of citizens, health of citizens, education of citizens
What do these factors most likely represent?
Human capital
When a country specializes in producing a product, overproduction can occur. What do nations do with the extra products?
sell the product to others
Advances in which technology would have the greatest impact on Nigeria's economy?
Oil refining
In a traditional economy, the decision to make (or not make) certain products is decided MOSTLY by
custom
Desertification in Sub-Saharan Africa is mainly caused by
overgrazing
Which of these is the BEST explanation for Africa's modern deforestation problems?
Trees are cut down for fuel and to make room for farming.
Which resource has caused the most conflict in Africa in the years since World War II?
arable land and water
Which of these has the biggest negative impact on North Africa's economy
The Sahara Desert
Extensive commercial logging, the use of wood for cooking and heating, and excessive clearing of land by subsistence farmers has led to ___________ in most areas of Sub-Saharan Africa.
Deforestation
The long-term result of drought and desertification in Sub-Saharan Africa is most likely
famine
In South Africa, only 20.1% of the GDP is devoted to capital investment while in Nigeria, capital investment accounts for 40.2% of the GDP. Which will be the most likely result?
Nigeria will have more factories, machinery, and technology than South Africa
What of these has historically been South Africa's most profitable activity?
Mining
In Nigeria, people can open their own businesses, choose their careers and job paths, and can purchase a wide array of consumer goods. However, the national government institutes tariffs on imported goods, has a significant share in the oil industry, and regulates much of the country's industry.
Based on this description, Nigeria could best be categorized as a _________ economy
mixed