Benafful/quiz1

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'''Answer All questions by clicking on the appropriate option or filling in the space where necessary. Finally, click on submit to view your scores.''' {______________ is a set of systems and institutional arrangement for decision making concerning allocations of resources, production and distribution of goods and services +a. Co-ordination mechanism -b. Decision makers -c. Government -d. A & b
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{The working parts of an economy fall into two categories namely, decision makers and -a. Mixed economy +b. Economic systems -c. Open economy -d. b & c
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{Africa’s most valuable exports are +a. Minerals and petroleum -b. Petroleum and Cocoa -c. Cocoa and minerals -d. All of the above
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{Which of the following is the best example of planned economy -a. U.S.A -b. U.K +c. China -d. Brazil
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{An economy that interact with other economies in the world is called -a. Close economy +b. Open economy -c. International economy -d. Mixed economy
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{The net exports of any country are the value of its -a. Import minus export -b. Import plus export -c. Export plus import +d. Export minus import
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{The three primary systems for allocating resources are -a. tradition, command, and central planning -b. tradition, central planning, and communal -c. command, market, and socialism +d. tradition, command, and market
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{During the nineteenth century, African rulers usually desired transfer of which of the following western technologies? -a. Medicines +b. Weapons -c. Navigational instruments -d. Chemical fertilizers
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{Which of the following countries practiced indirect rule in governing its colonies in Africa? -a. Portugal -b. France -c. Germany +d. Great Britain
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{Which ideology questioned the sanctity of private property? -a. Capitalism +b. Socialism -c. Mercantilism -d. Liberalism
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{The Western Africa flourished during the 15th century, and this wealth was based on +a. Trade in human -b. Trade in precious stones -c. Trade in oil -d. Trade in ruins
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{Among the most notorious leaders of Africa was Mobuto Sese Seko of Zaire, whose regime has been called a ______________ due to it looting of nation’s wealth. +a. Kleptocracy -b. Noocracy -c. Democracy -d. Plutocracy
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{Based on per capita income, the islands of the Caribbean are classified as __________ except for Guyana and Haiti -a. Low-income countries -b. High-income countries +c. Middle-income countries -d. None of the above
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{The leading Caribbean export comes from -a. Cuba -b. Mexico -c. Jamaica +d. Trinidad and Tobago
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{According to Leonce Ndikumana, which of the following factors that gave hope for the faster growth in Africa in 2008. -a. High global demand for primary commodities -b. Macroeconomic stability -c. Africa shed spotlight on technical and vocational skills development +d. All of the above {The Caribbean economy is closely linked to the performance of the -a. U.K economy +b. U.S economy -c. China’s economy -d. All of the above
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{Since mid-20th century corruption and corruption contributed to Africa’s poor economy +T -F
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{During the 18th and the early 19th centuries, sugar plantation in the Caribbean became alarming and this caused labour demanded to increase which was later solved by increase in technology. -T +F
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{During the Cold War, the main goal of much of the aid money was to win the allegiance of African leaders. +T -F
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{In the years immediately after independence, many nations in Africa agreed to follow rigorous IMF restructuring plans. -T +F
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