#1
Which factor significantly contributes to economic challenges in many African nations?
High literacy rates
Abundance of natural resources
Political instability
Advanced technological infrastructure
#2
Which of the following is NOT a common economic challenge faced by African nations?
High unemployment rates
Low access to education
Stable political environment
Poor infrastructure
#3
Which of the following is a major challenge to economic growth in many African nations?
High literacy rates
Political stability
Infrastructure deficiencies
Abundant natural resources
#4
What is the primary source of income for most African nations?
Manufacturing
Agriculture
Technology
Service sector
#5
What is one of the primary reasons for the high unemployment rates in African nations?
Lack of natural resources
Overpopulation
Excessive government regulation
Low demand for labor
#6
What is the primary impact of corruption on the economy of African nations?
Increased foreign investment
Stifled economic growth
Enhanced public services
Improved income equality
#7
Which economic sector is often underdeveloped in African nations despite its potential for growth?
Agriculture
Manufacturing
Services
Technology
#8
Which economic concept refers to a situation where the price of goods and services rises steadily, reducing the purchasing power of money?
Deflation
Stagflation
Inflation
Recession
#9
What does the term 'brain drain' refer to in the context of African economies?
An increase in intellectual capacity
A migration of highly skilled workers to other countries
Government investment in education
The expansion of research institutions
#10
What economic term describes the total value of goods and services produced within a country's borders in a specific time period?
Gross National Product (GNP)
Gross Domestic Product (GDP)
Net National Product (NNP)
Net Domestic Product (NDP)
#11
What role do international organizations play in addressing economic challenges in African nations?
Exacerbating existing challenges
Providing financial assistance and expertise
Promoting corruption
Encouraging political instability
#12
Which international financial institution provides loans to developing countries, including many in Africa, to support various development projects?
World Trade Organization (WTO)
International Monetary Fund (IMF)
World Bank
Asian Development Bank (ADB)
#13
In the context of economic development, what does the term 'FDI' stand for?
Foreign Debt Investment
Foreign Direct Investment
Federal Development Initiative
Financial Data Integration
#14
Which organization plays a crucial role in facilitating trade negotiations and resolving trade disputes among African nations?
United Nations (UN)
African Union (AU)
World Trade Organization (WTO)
International Monetary Fund (IMF)
#15
Which economic theory emphasizes the importance of minimal government intervention and free market competition?
Keynesian economics
Monetarism
Classical economics
Socialism