Which of the following statements BEST describes the economy of Mexico?

Individuals and corporations own most of the businesses in the country.

What is one reason for people to exchange currency?

Because different countries have different currencies

Tourism is an important part of Cuba’s economy. What will be the impact of the end of the United States’ travel ban?

There will be an increase in tourists from the United States.

How do citizens participate in the Mexican government?

They can vote for president, the Senate, and the Chamber of Deputies.

One way that Mexico’s government is different from the U.S. government is that...

Presidents can only serve one 6-year term.

Which of the following statements is the BEST example of voluntary trade?

Brazil exports automotive parts to countries that manufacture automobiles.

How are citizens involved in Cuba’s government?

Citizens are allowed to vote only for approved candidates.

What is an example of specialization?

A factory focuses on producing one or two types of goods.

What type of economy does Brazil have?

Mixed slightly leaning towards market

A main purpose of NAFTA was to...

Increase trade by creating a large free-trade zone.

What is one problem that is facing Cuba’s economy?

Cuba cannot afford to buy the oil and natural gas it needs.

Which of the following statements BEST describes how the life of Cubans changed after the Cuban Revolution?

Government controlled all property, and Cubans were not allowed to protest.

A complete ban on trade between two countries

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Government/Economics of Latin America

25 termsStudBud Administration697 plays

SS6CG1 Compare and contrast various forms of government. SS6E1 Analyze different economic systems. SS6E2 Give examples of how voluntary trade benefits buyers and sellers in Latin America. SS6E3 Describe factors that influence economic growth in Brazil, Mexico, and Cuba.

Flashcards25 cardsFPractice quizPHost liveL

Questions 25

Answers

1
In which Latin American country are entrepreneurs of least importance?
Cuba
Columbia
Brazil
Mexico
2
Which of the following statements BEST describes the economy of Mexico?
Individuals cannot own a business or farm in Mexico.
Individuals and corporations own most of the businesses in the country.
Corporations are not allowed to do business in Mexico.
The government owns and manages the businesses and farms in Mexico.
3
What is one reason for people to exchange currency?
Most people want to use American dollars to trade
To make more money by trading currency
To buy and sell goods and services with other countries
Because different countries have different currencies
4
What type of government does Mexico have?
Constitutional Monarchy
Presidential Democracy
Autocracy
Parliamentary Democracy
5
Tourism is an important part of Cuba’s economy. What will be the impact of the end of the United States’ travel ban?
There will be no change in the number of tourists visiting Cuba.
There will be a decrease in tourists from the United States.
There will be an increase in tourists from the United States.
There will be a decrease in tourists from countries around the world.
6
How do citizens participate in the Mexican government?
They can vote for president, the Senate, and the Chamber of Deputies.
They can elect the two houses of the legislative branch.
They do not participate in the government.
They can only vote for the president.
7
One way that Mexico’s government is different from the U.S. government is that...
The legislature is called the Congress.
Citizens 18 years and older may vote.
The president is the head of government.
Presidents can only serve one 6-year term.
8
Which of the following statements is the BEST example of voluntary trade?
Brazil imports goods because it is forced to by another country.
Brazil exports automotive parts to countries that manufacture automobiles.
Brazil is only allowed to trade with Portugal.
Brazil is required to import a certain amount of products from Cuba.
9
Traditional customs and beliefs of the past are most important to which type of economy?
Market
Mixed
Traditional
Command
10
What type of government has Cuba had since the Cuban Revolution in 1959?
Autocracy
Socialism
Presidential Democracy
Parliamentary Democracy
11
How are citizens involved in Cuba’s government?
Citizens are allowed to vote only for approved candidates.
Citizens are allowed to vote for the best-qualified candidates.
Citizens elect the head of government and members of congress.
Citizens have no role in the government.
12
What is an example of specialization?
A business makes many different types of products.
A country buys all the goods it needs from other countries.
A violin maker completes the entire process of making a violin.
A factory focuses on producing one or two types of goods.
13
What type of economy does Brazil have?
Mixed slightly leaning towards market
Traditional
Mixed slightly leaning towards command
Totally market
14
Some people want to put a limit on the number of cars that can be imported from another country. What trade barrier?
Quota
Natural Trade Barrier
Tariff
Embargo
15
Which activity is an example of investing in capital goods by a company?
Training workers to do their jobs best
Constructing a new factory
Throwing away old delivery trucks
Giving workers more time off to rest
16
A main purpose of NAFTA was to...
Decrease the standard of living for some people while raising it for them.
Keep people in one country from buying goods from the other two countries.
Create tariffs between Canada, Mexico, and the United States.
Increase trade by creating a large free-trade zone.
17
What type of economic system does Mexico have?
Mixed leaning towards command
Mixed leaning towards market
Traditional
Totally market
18
What is one problem that is facing Cuba’s economy?
Factories and businesses must shut down from time to time.
Cuba cannot afford to buy the oil and natural gas it needs.
The country cannot grow enough sugarcane to supply its people.
Ninety percent of the people work for the government.
19
Which of the following statements BEST describes how the life of Cubans changed after the Cuban Revolution?
Cubans were only allowed to grow cash crops.
People were forced to follow the government’s religion.
Government controlled all property, and Cubans were not allowed to protest.
Freedom of speech ended, and education and healthcare got worse.
20
What type of government does Brazil have?
Presidential Democracy
Autocracy
Monarchy
Parliamentary Democracy
21
Which type of trade barrier involves a special tax on goods brought into the country?
Voluntary Exchange
Embargo
Tariff
Quota
22
What is an embargo?
A tax on imports from another country
A complete ban on trade between two countries
A set standard that imports from another country must meet
A limit on the number of imports from another country
23
What type of economy does Cuba have?
Mixed leaning towards command
Totally command
Traditional
Mixed leaning towards market
24
Which is often an effect of a high literacy rate?
A higher standard of living
Lower education levels
A lower standard of living
More low paying jobs
25
Which is an example of investment in human capital?
Education
Factories
Trucks
Highways

Government/Economics of Latin America Flashcards | StudBud

Government/Economics of Latin America

25 termsStudBud Administration697 plays

Flashcards25 cardsFPractice quizPHost liveL

Questions 25

Answers

1
In which Latin American country are entrepreneurs of least importance?
Cuba
Columbia
Brazil
Mexico
2
Which of the following statements BEST describes the economy of Mexico?
Individuals cannot own a business or farm in Mexico.
Individuals and corporations own most of the businesses in the country.
Corporations are not allowed to do business in Mexico.
The government owns and manages the businesses and farms in Mexico.
3
What is one reason for people to exchange currency?
Most people want to use American dollars to trade
To make more money by trading currency
To buy and sell goods and services with other countries
Because different countries have different currencies
4
What type of government does Mexico have?
Constitutional Monarchy
Presidential Democracy
Autocracy
Parliamentary Democracy
5
Tourism is an important part of Cuba’s economy. What will be the impact of the end of the United States’ travel ban?
There will be no change in the number of tourists visiting Cuba.
There will be a decrease in tourists from the United States.
There will be an increase in tourists from the United States.
There will be a decrease in tourists from countries around the world.
6
How do citizens participate in the Mexican government?
They can vote for president, the Senate, and the Chamber of Deputies.
They can elect the two houses of the legislative branch.
They do not participate in the government.
They can only vote for the president.
7
One way that Mexico’s government is different from the U.S. government is that...
The legislature is called the Congress.
Citizens 18 years and older may vote.
The president is the head of government.
Presidents can only serve one 6-year term.
8
Which of the following statements is the BEST example of voluntary trade?
Brazil imports goods because it is forced to by another country.
Brazil exports automotive parts to countries that manufacture automobiles.
Brazil is only allowed to trade with Portugal.
Brazil is required to import a certain amount of products from Cuba.
9
Traditional customs and beliefs of the past are most important to which type of economy?
Market
Mixed
Traditional
Command
10
What type of government has Cuba had since the Cuban Revolution in 1959?
Autocracy
Socialism
Presidential Democracy
Parliamentary Democracy
11
How are citizens involved in Cuba’s government?
Citizens are allowed to vote only for approved candidates.
Citizens are allowed to vote for the best-qualified candidates.
Citizens elect the head of government and members of congress.
Citizens have no role in the government.
12
What is an example of specialization?
A business makes many different types of products.
A country buys all the goods it needs from other countries.
A violin maker completes the entire process of making a violin.
A factory focuses on producing one or two types of goods.
13
What type of economy does Brazil have?
Mixed slightly leaning towards market
Traditional
Mixed slightly leaning towards command
Totally market
14
Some people want to put a limit on the number of cars that can be imported from another country. What trade barrier?
Quota
Natural Trade Barrier
Tariff
Embargo
15
Which activity is an example of investing in capital goods by a company?
Training workers to do their jobs best
Constructing a new factory
Throwing away old delivery trucks
Giving workers more time off to rest
16
A main purpose of NAFTA was to...
Decrease the standard of living for some people while raising it for them.
Keep people in one country from buying goods from the other two countries.
Create tariffs between Canada, Mexico, and the United States.
Increase trade by creating a large free-trade zone.
17
What type of economic system does Mexico have?
Mixed leaning towards command
Mixed leaning towards market
Traditional
Totally market
18
What is one problem that is facing Cuba’s economy?
Factories and businesses must shut down from time to time.
Cuba cannot afford to buy the oil and natural gas it needs.
The country cannot grow enough sugarcane to supply its people.
Ninety percent of the people work for the government.
19
Which of the following statements BEST describes how the life of Cubans changed after the Cuban Revolution?
Cubans were only allowed to grow cash crops.
People were forced to follow the government’s religion.
Government controlled all property, and Cubans were not allowed to protest.
Freedom of speech ended, and education and healthcare got worse.
20
What type of government does Brazil have?
Presidential Democracy
Autocracy
Monarchy
Parliamentary Democracy
21
Which type of trade barrier involves a special tax on goods brought into the country?
Voluntary Exchange
Embargo
Tariff
Quota
22
What is an embargo?
A tax on imports from another country
A complete ban on trade between two countries
A set standard that imports from another country must meet
A limit on the number of imports from another country
23
What type of economy does Cuba have?
Mixed leaning towards command
Totally command
Traditional
Mixed leaning towards market
24
Which is often an effect of a high literacy rate?
A higher standard of living
Lower education levels
A lower standard of living
More low paying jobs
25
Which is an example of investment in human capital?
Education
Factories
Trucks
Highways