Dishonest or unlawful actions done by somebody with political power
Corruption
Citizens have the most freedom in which type of economy?
Citizens have more freedoms in MARKET economies over command
True or False: Men and Women receive the same education opportunities in countries like Kenya and Sudan
False
Nigeria focuses on making mainly Oil without diversifying much. What term describes producing one good / product really well
Specialization
Extreme lack/shortage of food
Famine
Government type where one person is in charge
Autocratic / Dictatorship
The people, labor, education, and skills that go into a business
Human Capital Resources
Kenya and Nigeria have what kind of government?
Presidential Democracy
Which country has the highest GDP per capita?
Kenya
Nigeria
South Africa
South Africa
Diplomacy / anything related to do with government
Politics
Government system where the citizens hold the most power by being able to vote directly for the leader
Presidential Democracy
This is the swapping of one countries for anothers
Currency exchange
The executive of Kenya can serve a term of how long?
5 years
How do medical issues like disease and illnesses effect GDP?
Lowers GDP because less healthy are able to work and more money is spent treating the sick
Shortage, not even of, lack of
Scarcity
Type of government where the citizens are represented by elected officials
Republic
This measures how much money a country makes
GDP
Define Literacy Rate
amount of people over 15 who can read and write
Why does Nigeria have such a high GDP but a very low GDP per capita?
Machines, buildings, factories, and money that go into a business
Capital Resources
When a government is unable to take care of its citizens
Government instability
List and describe the 3 trade barriers
Tariff: tax on trade
Quota: limit on trade
Embargo: ban on trade
Name of the executive of South Africa’s parliamentary government
President
Draw a continuum and correctly label South Africa, Nigeria, and Kenya on it
Type of economy where decisions are made based on social roles, customs, and culture
Traditional Economy