
37abc - Economic Systems in Africa
Presentation
•
Social Studies
•
7th Grade
•
Practice Problem
•
Easy
Hope Culpepper
Used 4+ times
FREE Resource
6 Slides • 10 Questions
1
2
3
4
5
6
7
Multiple Choice
In which economic system are entrepreneurs MOST likely to exist?
Command Economy
Market Economy
Traditional Economy
Communist Economy
8
Multiple Choice
Who or what answers the economic questions of “What to Produce? How to Produce? For Whom to Produce?” in a traditional economy?
Decisions are based on the traditions and customs of the society.
Decisions are made by the government.
Decisions are made by individual producers and consumers.
Decisions are made by a combination of the government and individuals.
9
Multiple Choice
Who or what answers the economic questions of “What to Produce? How to Produce? For Whom to Produce?” in a mixed economy?
Decisions are based on the traditions and customs of the society.
Decisions are made by the government.
Decisions are made by individual producers and consumers.
Decisions are made by a combination of the government and individuals.
10
Multiple Choice
In which economic system is ALL property owned by individuals and individuals make all the decisions?
Traditional Economy
Command Economy
Market Economy
Mixed Economy
11
Multiple Choice
In which economic system is ALL property owned by the government and the government makes all of the decisions?
Traditional Economy
Command Economy
Market Economy
Mixed Economy
12
Multiple Choice
South Africa's economy is .........?
mixed toward market
mixed toward command
traditional
pure market
13
Multiple Choice
Nigeria's economy is .........?
mixed toward market
mixed toward command
traditional
pure market
14
Multiple Choice
Kenya's economy is .........?
mixed toward market
mixed toward command
traditional
pure market
15
Multiple Choice
The economies of Kenya, Nigeria and South Africa can best be described as?
mixed market
mixed command
traditional
pure market
16
Multiple Choice
Why do most economies in the world today operate somewhere between a market economy and a command economy?
Government control always makes a market economy more profitable.
Most consumers prefer government control to a free market system
Most economies have found that they need a mix of free market and some government control to be successful and protect consumers
Most business owners prefer government control to a free market system
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