stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Latin America - Economy & Government Flashcards | StudBud
Explore
/
Latin America - Economy & Government
Latin America - Economy & Government
30 terms
·
StudBud Administration
·
2,762 plays
Test review
Flashcards
30 cards
F
Practice quiz
P
Host live
L
Questions
30
Answers
1
NAFTA involved Canada, the U.S., and which Latin America country?
Mexico
Cuba
Haiti
Brazil
2
What is NAFTA?
An example of entreprenuership
A trade barrier
A trade agreement
A trade embargo
3
Which trade barrier involves increasing prices through taxing imports?
Quotas
Embargos
Supply
Tariffs
4
In a presidential democracy, citizens directly elect the...
Head of state
King/Queen
President
Prime minister
5
Where would Brazil be on the economic continuum?
3
1
2
6
Placing a limit on the number of products imported is called ___?
Tariffs
Quotas
Embargos
Demand
7
Which is an example of investing in human capital?
Building factories
Funding education
Buying machinery
Building roads
8
Why do most countries have a mixed economic system?
To allow businesses to have full control of the market.
Government control helps businesses the most
To protect consumers and support businesses
Consumers want governments to control businesses
9
Where would Cuba be on the economic continuum?
2
1
4
3
10
Communist countries like Cuba have which type of economic system?
Traditional
Mixed
Market
Command
11
Factories, machines, equipment, computers, etc. are examples of what?
human capital
GDP
capital goods
Trade
12
Trading with other countries requires...
No single currency between buyer and seller
The use of U.S. dollars only
Buyers & sellers to agree on a currency
Using the currency of the buyer only
13
Who has control in a mixed economic system?
Government only
Businesses only
Government & Businesses
Consumers only
14
Which Latin America country is a presidential democracy?
Mexico
Brazil
Canada
Cuba
15
The U.S. does not trade with Cuba. This is an example of...
Supply & Demand
Tariff
Quota
Embargo
16
Who elects the prime minister in a parliamentary democracy?
Citizens
Monarch
Member of Parliament
Member of Congress
17
Which type of government has the least citizen participation?
Democracy
Oligarchy
Unitary
Autocracy
18
The higher the literacy rate, ...
the higher the standard of living.
the lower the standard of living.
19
A rainforest is an example...
Natural resources
Entrepreneurship
Human capital
Capital goods
20
If you have arable land, this means your land is good for what?
accumulating snow
construction
mining
farming
21
Which could cause a country to have a low GDP?
High illiteracy rates
Large amount of natural resources
Increased investment in human capital
Increasing international trade
22
In a parliamentary democracy, the prime minister is chosen from which branch?
Executive
Legislative
Judicial
National
23
Which type of government has the most citizen participation?
Democracy
Autocracy
Dictatorship
Oligrachy
24
Which term means "producing goods a country make make easily and trading for other goods"?
Profit
Supply and demand
Specialization
Scarcity
25
If a country doesn't invest in human capital, what would happen to the GDP?
It would increase and decrease.
It would increase
It will be lower
It would not change
26
Providing extra training to help an employee improve is an example of...
Encouraging entreprenuership
Investing in human capital
Investing in capital goods
Using natural resources
27
Someone who starts their own business to provide a good or service is called?
Consumer
Entrepreneur
Factory worker
Specialist
28
Economic systems based on customs or beliefs...
Market
Traditional
Command
Mixed
29
Which is NOT one of the 3 economics questions asked when determining economic systems?
When to Produce?
For Whom to Produce
What to produce?
How to Produce?
30
What type of economic system do most countries have?
Market
Mixed
Traditional
Command
