In a command economy, decisions on what and how to produce, who to produce for, and what to do with profits is decided by

Question 1 options:

the government and citizens


citizens only


government only

In a market economy, decisions on what and how to produce, for whom to produce, and what to do with the profits is made solely by

Question 2 options:

government and citizens


citizens only


government only

A mixed market economy may include characteristics from traditional, command, and market economies.

Question 3 options:
True
False

Literacy Rate has a direct relationship with Standard of Living. This means that if the Literacy Rate is high, most likely the Standard of Living is

Question 4 options:

high as well.


lower


Standard of Living is not related to Literacy Rate

An Entrepreneur is someone that starts a business but if that business fails, he or she can get all their money back from the bank.

Question 5 options:
True
False

How does focusing on just one specific product, oil, in Nigeria, hurt the country's economy?

Question 6 options:

By focusing only on one product, the other areas suffer, such as agriculture and Nigeria has to import food


focusing on oil has no negative effects for Nigeria


focusing on oil has hurt the Nigerian economy

South Africa specializing in gold and diamond mining. How could South Africa improve their economy by investing in Human Captial?

Question 7 options:

invest in more mining equipment


invest in training such as diamond cutting or gold purification


buy more land for mining diamonds and gold

Why did the world, including the United States, participate in an embargo against South Africa.

Question 8 options:

Trade was stopped to South Africa to encourage them to end apartheid.


Goods allowed out of Africa were limited to encourage civil rights improvement in South Africa.


A higher tax was placed on goods leaving South Africa to help encourage them to end apartheid.

Due to traditional beliefs, what is the relationship between literacy among men and women in many African countries?

Question 9 options:

women are more highly educated


men are given more opportunities for an education


the literacy rate for men and women is equal


there is no difference between the literacy rate for male and female

Although they produce highly valuable non-renewable resources, both Nigeria and South Africa have a high unemployment rate.

Question 10 options:
True
False

Please DO NOT answer these questions if you're not going to answer all of them or you do not know the correct answer.