African Economic Problems and Solutions Quiz - 1/2/3

What was the goal of the economic system that Kenya adopted?

• To discourage foreign investments

• To encourage investors in other countries to contribute to the economy

• To rely solely on domestic industries

• To eliminate private businesses

Who runs most industries in Ghana and Tanzania?

• Private entrepreneurs

• International corporations

• The government

• Foreign investors

What is the primary purpose of cash crops?

• To feed local communities

• To be used as animal feed

• To make money

• To support subsistence farming

Which of the following is an example of a cash crop mentioned in our stations and its country of origin?

• Tea from Egypt

• Rubber from Liberia

• Cocoa from Ethiopia

• Corn from Morocco

How can valuable resources like diamonds and oil negatively impact a country's success?

• They lead to immediate economic growth without consequences

• They prevent conflicts between nations

• Corrupt leaders may misuse them, and they can lead to exploitation and wars

• They guarantee financial stability for all citizens

What is one benefit of ecotourism?

• It increases the need for foreign aid

• It brings money into the country and highlights local issues

• It discourages tourism in remote areas

• It eliminates the need for conservation efforts

What is microlending?

• Loaning large sums of money to corporations

• Loaning small amounts of money to people who cannot get traditional loans

• A method of increasing national debt

• A government policy to prevent lending

Why do microlenders primarily target women?

• Women are less likely to need financial assistance

• Women are more likely to use the money wisely and repay loans

• Women have easier access to banks

• Men refuse to take loans

What is mobile money?

• A type of digital currency like Bitcoin

• A form of payment using cell phones instead of bank cards or cash

• A system where banks deliver cash to remote villages

• A type of credit card exclusive to African nations

Why do many people in African countries use their phone for payments instead of a bank card?

• They prefer technology over traditional banking

• The banking system is often unreliable

• Credit cards are banned in most countries

• Cash is not accepted in most places