Africa's Economies: Checkpoint 1

Quick checkpoint - five questions on Africa's diversity, history, commodities, mobile money and trade.

Quick checkpoint - five questions on Africa’s diversity, history, commodities, mobile money and trade.

Question 1 of 5 Why is it misleading to talk about "the African economy"?

Because Africa has only a few countries Because Africa has 54 countries with very different economies Because African countries do not trade Because Africa has no economic data

Economies range from oil exporters to diversified service hubs and small high-income islands.

Question 2 of 5 What did Nathan Nunn find about the slave trades?

They had no lasting effects Areas from which the most people were taken are poorer today They made Africa richer They only affected North Africa

Research also linked the slave trades to lower levels of trust today.

Question 3 of 5 What is a major problem with commodity dependence?

Commodity prices never change Volatile prices create booms and busts in revenue and currencies Commodities cannot be exported It guarantees high growth

The 2014 to 2016 oil price crash hit Nigeria and Angola hard.

Question 4 of 5 What did research by Suri and Jack find about M-Pesa?

It had no effect on poverty It lifted about 2 percent of Kenyan households out of extreme poverty It only helped banks It required smartphones

The effects were especially large for households headed by women.

Question 5 of 5 When did trading under the African Continental Free Trade Area officially begin?

1 January 2021 1960 1994 It has not begun

The agreement covers a market of around 1.4 billion people.

← Back to Botswana: Diamonds Without the Curse Next lesson → Africa's Young Population

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