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Economic
Vocabulary
Economic
Vocabulary 2
South
Africa’s
Economy
Other
African
Countries
Misc.
5 pt
5 pt
5 pt
5 pt
5 pt
10 pt
10 pt
10 pt
10 pt
10 pt
15 pt
15 pt
15 pt
15 pt
15 pt
20 pt
20 pt
20 pt
20 pt
20 pt
25 pt
25 pt
25 pt
25 pt
25 1pt
A limit placed on imported goods
2
What is a quota?
3
The factories, machines and other
goods used to produce things
4
What are Capital Goods?
5
These are the goods and services
that are sold to other countries
6
What are Exports?
7
The total value of goods and services
produced by a country in one year
8
What is Gross Domestic Product
(GDP)?
9
A decision to prevent (not allow)
certain goods from being imported at
all
10
What is an Embargo?
11
GDP divided by the average
population in a country
12
What is GDP per capita?
13
Tax placed on imported goods
14
What is a Tariff?
15
The knowledge, skills, and training
provided to the workforce
16
What is Human Capital?
17
One who brings together land, labor,
capital goods and time to produce
goods and services
18
What is an Entrepreneur?
19
The facilities and systems serving a
country, city or area such as
transportation, power plants, and
schools
20
What is Infrastructure?
21
With regards to its mining industry,
South Africa invested heavily in
22
What are Capital Goods?
23
South Africa’s main exports
24
What are Gold and Diamonds?
25
South African gold profits have been
used to build
26
What are infrastructure and
transportation systems?
27
South Africa’s economy may slow
down due to this, which is at 24%
28
What is Unemployment?
29
A technologically advanced market
economy with government control.
This is an example of what type of
economy
30
What is Mixed?
31
When Nigeria was under military
rule, its economy was more
32
What is Command?
33
The people of this country remain
poor, despite being the 6th largest Oil
producer
34
What is Nigeria?
35
An alternative to fossil fuels, most
African countries would not benefit
from this
36
What is Uranium?
37
Profits from diamonds have been
used by rebels in Sierra Leone and
D.R.C. to
38
What is finance weapons?
39
By providing training opportunities
and resources for teachers, Kenya is
investing in
40
What is Human Capital?
41
Countries that have some
Government Planning and Market
characteristics in their economy
42
What is a Mixed Economy?
43
Not investing in Human Capital will
effect a countries GDP by
44
What is lowering it?
45
This prevents economics from
negatively impacting a country’s
development
46
What is Government Stability?
47
Worldwide interest in sources of
clean energy from mining this
natural resource
48
What is Uranium?
49
In Nigeria, much of the Oil profits
went to politicians, instead of the
citizens
50
What is Corruption?
51