One of the changes between NAFTA and the USMCA covers intellectual property. Which of the following address this?

Copyright for sound recordings has increased

All of the following are major industries in Mexico except:

There is no exception they are all major industries

Why do Chile and the Andean Countries find good markets for their agricultural products in the U.S.?

Chile’s summer is during the U.S. winter

Panama has the highest HDI in Central America. In general, what does this mean?

They are the most stable country for the overall wellbeing of their citizen

What are two reasons Brazil’s economy so strong?

Diversification and Industrialization

What is significant about Brazil’s use of gasohol?

It has eliminated Brazil’s dependence on foreign oil

Which of the following is a major change between NAFTA and the USMCA

All member countries must allow for the right to collectively bargain

Why is it possible for the Caribbean to grow sugar, coconuts, and cocoa, so well?

The very rich volcanic soil makes it possible

Uruguay exports all of the following except:

There is no exception all of the above are exported

All of the following are pros of Maquiladoras except:

It has reduced the number of exports

Vertical trade can best be defined as

Trading goods between climate zones

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Latin/South American Economies

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Questions 23

Answers

1
One of the changes between NAFTA and the USMCA covers intellectual property. Which of the following address this?
All auto workers must now earn $16/ hour
Copyright for sound recordings has increased
Apple no longer needs an office in Canada, the U.S., and Mexico
Workers have the right to collectively bargain
2
All of the following are major industries in Mexico except:
Petroleum extraction
Tourism
There is no exception they are all major industries
Maquiladoras
3
Over half of people in Brazil work in service industries. This is most closely tied to which economic activity?
Quaternary
Tertiary
Primary
Secondary
4
Why is Tourism a major industry in Mexico?
Provides jobs and cheap goods for American consumers
Due to drilling for oil in the Gulf of Mexico
It is closely connected to the U.S.
Climate and economics
5
Which country has the largest oil reserve in the world?
Venezuela
Guyana
French Guiana
Argentina
6
Subsistence farming is an important economic activity in LA & SA. What type of economy is this associated with?
Command
Traditional
Market
None of the above
7
The Guianas are known for which of the following export?
Fruits and Vegetables
Coal
Petroleum
Bauxite
8
Why do Chile and the Andean Countries find good markets for their agricultural products in the U.S.?
Chile’s summer is during the U.S. winter
The U.S. cannot make the same type of produce Chile can
Chile wants to become a main trading partner of the U.S.
U.S. citizens prefer Chile’s produce to U.S. produce
9
Panama has the highest HDI in Central America. In general, what does this mean?
They are the most stable country for the overall wellbeing of their citizen
They are the most stable country politically speaking
They are the least stable country for the overall wellbeing of their citize
They are the most stable country economically speaking
10
Mexico, Brazil, and Argentina are all members of the G20. The primary focus of this group is
War
Politics
Climate Change
Economics
11
What are two reasons Brazil’s economy so strong?
Diversification and Industrialization
Technology and Industry
Diversification and Technology
Industrialization and increase in trade with Europe
12
Vertical Trade is most closely associated with which region of Latin or South America?
Central America
Southern Grasslands
Andean Nations
Brazil
13
Which country in Central America is the most wealthist?
Costa Rica
Panama
Honduras
Guatemala
14
What is significant about Brazil’s use of gasohol?
It has eliminated Brazil’s dependence on foreign oil
It is a mixture of gasoline and ethanol
It is an example of industrialization and diversification
It has decreased the GDP
15
Mexico is unique and is its own region and country for many reasons including
It is part of Central America
It is part of South America
It is part of North America
None of the above
16
All of the following countries are members of the USMCA except:
Canada
Brazil
Mexico
U.S.
17
Which of the following is a major change between NAFTA and the USMCA
The agreement never has a sunset date
All member countries must allow for the right to collectively bargain
Brazil was added to the agreement
The US dairy market will negatively be affected
18
Why is it possible for the Caribbean to grow sugar, coconuts, and cocoa, so well?
The very rich volcanic soil makes it possible
The location along the Atlantic Ocean makes it possible
It is not possible the Caribbean does not produce these items.
The growing number of commercial farms makes it possible
19
Which two countries partnered to build the Itaipu Dam?
Uruguay and Paraguay
Brazil and Paraguay
Argentina and Uruguay
Mexico and the U.S.
20
Uruguay exports all of the following except:
There is no exception all of the above are exported
Wool
Leather
Meat
21
A main economic activity in Colombia would be
Shipbuilding
Bananas
Rice
Pearls
22
All of the following are pros of Maquiladoras except:
It has reduced the number of exports
The factories provide jobs
The money contributes to a growing GDP
They offer many cheap products to consumers
23
Vertical trade can best be defined as
Trading goods with people of different cultures
Trading goods between neighbors
Trading goods while on a ladder
Trading goods between climate zones

Latin/South American Economies Flashcards | StudBud