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Latin America Government and Economy Review Flashcards | StudBud
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Latin America Government and Economy Review
Latin America Government and Economy Review
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6th grade review
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38 cards
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Answers
1
A tax on imports is called a
embargo
tariff
quota
sale
2
In what ways are tariffs, quotas, and embargos similar?
they are all types of taxes
they all limit the amount of goods coming into a country
they are all barriers to trade
they all stop exports from coming into a country
3
What is specialization?
business makes many different types of goods
a country buys everything it needs from another country
when a country focuses on producing one or two types of goods
government has strong control over the economy
4
Which does
NOT
describe a presidential democracy?
Most Latin American countries have this form of democracy
Citizens elect the President (chief executive
Citizens elect the members of the legislature
Parliament chooses the President
5
How does Latin America literacy rates affect its development, or GDP?
low literacy rate mean higher GDP, higher standard of living
low literacy rates bring more tourism and humanitarian aid
high literacy rate means high GDP, higher standard of living
literacy rates have little impact on GDP and development
6
How does investing in capital goods help a country increase its GDP?
investing in C. G. increases profit which increases GDP
GDP goes down when companies make more money
highly trained workers help the company make a profit, which increases GDP
investing in capital goods makes a more comfortable factory
7
Factories, machinery, and new technology are all examples of:
traditional economies
human capital
capital goods
natural resources
8
How can citizens participate in a democracy?
People 21 and over may vote
Citizens who are part of a political party may vote.
Citizens have no say in who runs for office.
All citizens can participate in the government by voting
9
Which positively influences the economic growth when there is a investment in human capital?
new equipment and healthcare
education and tariffs
capital goods and new equipment
education and healthcare
10
Which country would consider the role of the entrepreneur least important?
Canada
United States
Brazil
Cuba
11
What is the main function of USMCA?
create tariffs between Canada, US and Mexico
increase trade by creating a large free-trade zone
decrease standard of living for some people
keep people in 1 country from buying from the other 2
12
The economic system on the continuum between pure command and pure market is called:
democratic
mixed
centralized
hybrid
13
How do the citizens of Cuba elect their leaders?
they vote for legistation, called the National Assembly
they can only vote for the President
they are free to vote for whomever they want
They are not allowed to vote
14
What type of government and economic system does Cuba have?
parliamentary democracy; mixed economy (closer to market)
autocratic dictatorship; mixed economy (closer to command)
presidential democracy; mixed economy (closer to command)
autocratic dictatorship; mixed economy (closer to market)
15
In a pure market economy:
there is a transfer of ownership from people to government
government has strong control over economy
people decide what goods to produce
products are only sold to the government
16
In what ways are quotas beneficial?
they encourage creation of black markets
they encourage people to buy domestic products
they encourage people to buy foreign products
they encourage people to make their own products
17
What is true of citizen participation in Brazil and Mexico?
citizens are forced to join the majority political party
citizens do not have the right to vote in national elections
citizens vote for legislators who elect the head of governmt
citizens vote for members of legislative & executive branch
18
Describe the role of natural resources in the economy of a country.
country can export natural resources without creating goods
company spends less money because they have to buy them
country is able to produce all the goods it needs
country saves money by not having to buy them to make goods
19
What type of government and economic system does Mexico have?
parliamentary democracy; mixed economy (closer to command)
parliamentary democracy; mixed economy (closer to market)
presidential democracy; mixed economy (closer to command)
presidential democracy; mixed economy (closer to market)
20
What is Citizen Participation
?
Citizens choosing who gets to vote
Leaders becoming citizens
The role of the citizen in electing leaders
Citizens becoming leaders
21
In Cuba, who decides what goods and services will be produced?
Mostly the citizens with some government decisions
Mostly the government with some citizen decisions
Only the citizens
Only the government
22
In which type of economy are the 3 economic questions answered based on customs and tradition?
mixed
traditional
market
command
23
On the economic continuum, which country (Brazil, Cuba, or Mexico) is closest to pure market?
Brazil
Mexico
Disney World
Cuba
24
On the economic continuum, which country (Brazil, Cuba, or Mexico) is closest to pure command?
United States
Brazil
Mexico
Cuba
25
Which BEST describes a presidential democracy?
Citizens elect members of legislature & president separately
Citizens elect the president, prime minister, and priest
Citizens can vote, but their vote does not really matter
There is a single leader with unlimited power
26
How can a citizen participate in an autocratic government?
Citizens can never vote in an autocracy.
The citizen has limited, if any, role.
The citizens can make the laws.
The citizens select the candidates.
27
What is a quota?
currency exchange
limiting the items from another country that can be imported
charging a tax on imports
no trade with another country
28
Why might autocratic governments deny citizen's freedom of speech and freedom of the press?
because citizens might learn to read a newspaper
so citizens can't vote against the military
to avoid overcrowding in prisons
to avoid spreading of ideas against the government
29
Which barrier to trade blocks all trade between nations?
a tariff
a quota
a sanction
an embargo
30
In what type of government does the president make all decisions and control the military?
parliamentary democracy
autocratic government
oligarchic government
presidential democracy
31
Why do we need a currency exchange rate?
determine the value of 1 nations currency compared to others
it isn't needed because the rate never changes
it slows down importing and saves a country money
it creates jobs overseas by allowing goods to be exported
32
How is the President of Mexico elected?
citizens vote for members of the National Congress
the citizens elect the President by popular vote
the president is determined by family blood lines
citizens let parliament select the President
33
How do tariffs protect domestic producers?
by increasing the price of foreign competitors' products
by helping domestic producers access foreign markets
by reducing the cost of domestic resources
by improving the efficiency of domestic production
34
What type of capital is an employee's training and education?
market capital
state capital
human capital
capital good
35
What is an autocratic government?
single ruler with unlimited power
ruled by a few
parliament rules
power is with the people
36
What type of government and economic systems does Brazil have?
parliamentary democracy; mixed economy
presidential democracy; command economy
parliamentary democracy; market economy
presidential democracy; mixed economy
37
Which happens in a command economy?
Anyone can make a profit from hard work
The government controls the economy
Anyone can easily start a company to sell goods
Traditional foods are gathered for sale
38
Which does
NOT
describe a
Parliamentary
government?
Parliament chooses a leader among themselves to be the PM
Citizens vote for the Prime Minister
May have a monarch as the head of state
Citizens elect members of parliament/legislature
