Unit 5 Latin America Test Review

Question 1

What economic system is a combination of market and command?

Accepted Answer

mixed

Question 2

Sanctions imposed by the European Union against energy exports from or arms sales to Syria is what type trade barrier?

Accepted Answer

embargo

Question 3

In 2016, Barack Obama because the first US president in over 80 years to do what?

Accepted Answer

visit Cuba

Question 4

What three economic questions must all economic systems answer?

Accepted Answer

What to produce, how to produce, and for whom to produce?

Question 5

What is the MOST important factor in deciding your job if you lived in a traditional economy?

Accepted Answer

job your parents and family had

Question 6

The US placed a ban on all imports and exports to and from Cuba. This is an example of what trade barrier?

Accepted Answer

embargo

Question 7

All citizens can participate in this type of government:

Accepted Answer

democracy

Question 8

What is a tariff?

Accepted Answer

tax on imports

Question 9

What type of government has its members of parliament choose the leader?

Accepted Answer

parliamentary democracy

Question 10

What is a quota?

Accepted Answer

limit on imports

Question 11

What type of government allows the leader to work independently from the legislature?

Accepted Answer

presidential

Question 12

What is an embargo?

Accepted Answer

bans all trade with another country

Question 13

Government control over what a factory produces and what prices it will charge is a _____ economic system.

Accepted Answer

command

Question 14

What type of government allows only one person to have unlimited power?

Accepted Answer

autocratic

Question 15

United Nations limits the sell of equipment for making nuclear fuel to Iran. This is an example of what trade barrier?

Accepted Answer

quota

Question 16

What are the three types of economies?

Accepted Answer

market, command, traditional

Question 17

The United States is a presidential democracy. Which of these is the head of government in the United States?

Accepted Answer

president

Question 18

How has the US-Cuba immigration policy changed as of January 2017?

Accepted Answer

Cubans can no longer immigrate to the US without a visa.

Question 19

What is an activity that slows or outright blocks the free exchange of goods and services?

Accepted Answer

trade barrier

Question 20

Brazil taxes imports from Venezuela. This is an example of what trade barrier?

Accepted Answer

tariff

Question 21

Which of the following was NOT a result of the Cuban Revolution?

Accepted Answer

The United States helped Cuba win its independence from Spain.

Question 22

Which of the following did NOT lead up to the Cuban Revolution?

Accepted Answer

Castro seized all American owned property in Cuba.

Question 23

Which of the following countries has the least freedom to do business?

Accepted Answer

Cuba

Question 24

What type of government provides power to the people?

Accepted Answer

democratic

Question 25

Cuba is a dictatorship in which power is held by one central authority. What type of gov't. is Cuba classified as?

Accepted Answer

autocracy

Unit 5 Latin America Test Review

Questions 25

Unit 5 Latin America Test Review

Questions 25