How do countries TRY and improve their GDP over time?

All of these help increase GDP over time

What impact does Literacy Rate have on a country's GDP?

a high literacy rate = high GDP

what relationship do literacy rate, GDP and standard of living have?

High literacy rate = high GDP = high standard of living

How do entrepreneurs help a country increase their GDP?

All of these things help raise a country's GDP

Why would a country put a tariff in place?

To make foreign goods more expensive

Which is an example of investing in physical capitol?

A carpenter invests in new tools to be more efficient

The United States, Canada and Mexico established NAFTA for what purpose?

To make trade easier by removing trade barriers

What does literacy rate measure?

How many people can read and write

What does Gross Domestic Product (GDP) measure?

the amount of goods/services produced in a year

What is used to determine a country's standard of living?

all of these help determine standard of living

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Government and Economics of Latin America

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Questions 16

Answers

1
Mexico has a ___________ democracy with a __________ distribution of power.
presidential ----- unitary
parliamentary ----- federal
presidential ------ federal
parliamentary ----- unitary
2
How do countries TRY and improve their GDP over time?
build schools and universities
Invest in human capitol
Educate their workforce
All of these help increase GDP over time
3
What impact does Literacy Rate have on a country's GDP?
a high literacy rate = high GDP
high literacy rate = low GDP
low literacy rate = high GDP
literacy rate and GDP have no measurable relationship
4
what relationship do literacy rate, GDP and standard of living have?
High literacy rate = low GDP = low standard of living
High literacy rate = high GDP = low standard of living
Low literacy rate = high GDP = high standard of living
High literacy rate = high GDP = high standard of living
5
Coffee, bananas and sugar make up over 70% of Guatamala's GDP. This is known as _______________
Specialization
Literacy Rate
Scarcity
Command Economics
6
How do entrepreneurs help a country increase their GDP?
Hire employees
Create new businesses and products to sell
Invest in capitol resources
All of these things help raise a country's GDP
7
Why would a country put a tariff in place?
To make domestic goods less expensive
To make foreign goods seem cheaper
To make domestic goods seem like inferior products
To make foreign goods more expensive
8
Which is an example of investing in physical capitol?
A carpenter invests in new tools to be more efficient
Colleges offering scholarships to excellent students
Government makes laws to protect rivers and lakes
The government hiring teachers to train new nurses
9
The United States, Canada and Mexico established NAFTA for what purpose?
To make trade easier by removing trade barriers
To create more trade barriers
To stop illegal immigration
To stop the spread of Communism
10
Which of the following countries in Latin America has a Parliamentary Democracy?
None of these countries
Brazil
Cuba
Venezuela
11
How many LEGAL political parties are there in Cuba?
3
5
1
9
12
Cuba has a ___________ government with a __________ distribution of power.
democratic ----- unitary
communist ----- unitary
communist ------ federal
democratic ----- federal
13
What does literacy rate measure?
how many people have gone to college in a country
how many schools a country has
how much a country produces in a year
How many people can read and write
14
What does Gross Domestic Product (GDP) measure?
how many people in a country can read and write
the amount of goods/services produced in a year
how much a country imports each year
how much money a government spends on education per year
15
Who has the most home runs in a SINGLE season in Major League Baseball history?
Hank Aaron
Marc Mcgwire
Barry Bonds
Babe Ruth
16
What is used to determine a country's standard of living?
all of these help determine standard of living
how many people have access to medical attention
how many people have access to food and water
how many people have access to education

Government and Economics of Latin America Flashcards | StudBud