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Latin American Government/Economics Review Flashcards | StudBud
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Latin American Government/Economics Review
Latin American Government/Economics Review
30 terms
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StudBud Administration
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715 plays
6th Grade Government and Econ.
Flashcards
30 cards
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Practice quiz
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Host live
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Questions
30
Answers
1
In which economic system does the
government decide
what to make, buy, and sell?
Mixed economy
Traditional economy
Command economy
Market economy
2
How has NAFTA positively affected Latin America?
It removed tariffs from trade between countries
Opened opportunities to use Mexico's growing market
Businesses took advantage of low wages and weak labor laws
It further poisoned the environment
3
What type of government has
one single leader
with all the power?
Autocracy
Parliamentary democracy
Presidential democracy
4
What term is used to prevent (stop) trade with a certain country?
Stop Sign
Embargo
Tarrif
Quota
5
What are the three economic questions?
When, why, and how to produce?
What, how, and for whom to produce?
There are only two economic questions
There is only one economic question
6
What type of government is found in Brazil and Mexico?
Oligarchy
Presidential democracy
Parliamentary democracy
Autocracy
7
Skills, talents, & educational abilities are all considered part of _____________ ____________.
natural resources
trade barriers
human capital
physical capital
8
Who was most affected by the embargo between the U.S. and Cuba and how were they affected?
Brazil- loss of rainforest, financial advice, loss of ports
U.S.- loss of resources, loss of money, loss of confidence
Cuba- financial burden, fear of nuclear war, battles fought
Mexico- loss of jobs, better healthcare, fear of war
9
In which gov't do the people elect the legislature, and legislature elects the prime minister?
Parliamentary Democracy
Constitutional Monarchy
Autocracy
Presidential Democracy
10
An embargo, tariff and quota are all considered what?
Barriers
Laws
Taxes
Discounts
11
If Mexico has a president as its chief executive, then it has a...
Parliamentary democracy
Autocracy
Oligarchy
Presidential democracy
12
_____________ ____________ include technology, factories and machines used to make goods.
Human Capital
Capital Goods
Good Food
Laser Beams
13
In what type of government do citizens have the right to vote?
Democracy
Monarchy
Dictatorship
Autocracy
14
If you buy something with a tariff on it, you are paying an extra _____________ on it.
skill
G.D.P.
tax
quota
15
How has NAFTA negatively affected Latin America?
Factories went from U.S. to Mexico to avoid environment laws
New markets would open up to the countries involved
It grew economies in all countries involved
Access to large markets would be assured
16
_____________ ________ include all things in or on the earth.
fruits & vegetables
minerals & flowers
natural resources
17
The
level of comfort
in which people live based on certain characteristics is _______________.
Standard of Living
Recession
Specialization
Quality of Life
18
Which economic system has features from a market and command economy?
Mixed economy
Traditional economy
Command economy
Market economy
19
What do you call the total of all of the goods & services produced in a country in a year?
YADAAP
IMF
GDP
ICE
20
How has Cuba's government changed in the last few years?
It has changed from an autocracy to a presidential democracy
It has changed from a parliamentary to a presidential system
It has changed from a autocracy to a parliamentary democracy
It has not changed at all
21
In which economic system do
business owners have control
over what to make, buy, and sell?
Mixed economy
Traditional economy
Command economy
Market economy
22
What is a word to describe the person starting a
new
business?
Economy
Entrepreneur
Citizen
Government
23
Items that are brought
into
a country as trade are called ____________.
Quotas
Tariffs
Exports
Imports
24
If a country makes a particular product to sell because of an advantage we call it __________.
Assembly Lines
Specialization
hard work
Inventiveness
25
In which type of government do the citizens
directly elect
the president of a country?
Autocracy
Parliamentary Democracy
Presidential Democracy
26
In which type of economic system does
culture determine
how goods are made, bought, and sold?
Market economy
Command economy
Mixed economy
Traditional economy
27
What rights do citizens have in Brazil's government?
Citizens don't have to vote at all
Citizens between 18 and 70 are required by law to vote
They are not allowed to vote
All citizens are required to vote no matter how old they are
28
The percentage of a country's population who can read & write is its' ___________ __________.
Iliteracy Rate
Growth rate
Literacy Rate
Book Smarts
29
___________ refers to the
limited
nature of a country's resources.
Abundance
Unequal
Overflow
Scarcity
30
Bruce can
only
sell the products that the
government
allows. This is an example of a...
Mixed economy
Traditional economy
Command economy
Market economy