South Africa Economy

What is a capital investment that would MOST

benefit South Africa's economy?

• industrial gold-mining equipment

• industrial oil-drilling equipment

• adult literacy programs

• universal higher education

What is the BEST way for a country to encourage

economic growth in its private sector?

• restricting trade with other countries

• reducing barriers to entrepreneurship

• increasing government spending

• nationalizing important industries

Read the text and answer the question. Based on the text, it is important for businesses in South Africa's mining industry to invest in which of the following?

• capital markets

• capital goods

• human capital

• venture capital

Which of the following relationships is generally true?

• As a nation's literacy rate increases, its standard

  of living increases.

• As a nation's unemployment level increases, its

  standard of living increases.

• As a nation's gross domestic product increases,

  its standard of living decreases.

• As a nation's human capital increases, its

  standard of living decreases.

What type of investments would help raise a

country's literacy rate and standard of living?

• investments in bonds

• investments in stocks

• investments in human capital

• investments in capital goods

What statistic helps determine a country's

investment in human capital?

• how much money the country spends on

  education

• how much money the country spends on

  healthcare

• how much money the country spends on

  infrastructure

• how much money the country spends on

  military

Read the passage and answer the question(s) that follow. Is Thabo an entrepreneur? Why or why not?

• Yes, Thabo is an entrepreneur because he

  provides a service that is in high demand among

  the people in his community.

• No, Thabo is not an entrepreneur because he

  purchases and sells produce but does not grow

  the produce himself.

• Yes, Thabo is an entrepreneur because he

  manages and operates his own business and

  accepts the risk of the business failing.

• No, Thabo is not an entrepreneur because he

  purchases and sells produce but does not pay

  any employees to help him.

What is the primary sector that contributes to South Africa's GDP?

• Mining

• Agriculture

• Manufacturing

• Tourism

Which natural resource is South Africa the largest producer of globally?

• Gold

• Platinum

• Diamonds

• Coal

What is a significant challenge facing South Africa's economy?

• High literacy rates

• Low unemployment

• Income inequality

• Excessive foreign investment