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Duplicate of Latin American Government and Economics Flashcards | StudBud
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Duplicate of Latin American Government and Economics
Duplicate of Latin American Government and Economics
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6th Grade Review of Latin American Government and Economics
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
Surrounding a region and not allowing goods in or out
Gross Domestic Product
Blockade
Specialization
Market
2
What is an example of a physical trade barrier?
embargo
Quota
mountain
tariff
3
the overall well being of a nation (how wealthy and healthy it is)
Capital Goods
Traditional
Standard of Living
Presidental
4
A type of Democracy where the head of state and the head of government are the same person
Constitutional
Parliamentary
Presidental
Monarchy
5
The total number of goods traded
Gross Domestic Product (GDP)
Entrepreneur
Standard of Living
Presidental
6
When one country has one main product or part of a product for trade
Embargo
Specialization
Quota
Market
7
A type of monarchy where the monarch has limited power
Autocracy
Consitututional
Democracy
Parliamentary
8
What economic system is most closely related to the country of Cuba?
Mixed economy
Command Economy
Traditional Economy
Market Economy
9
What do the economic systems of Brazil and Mexico have in common?
mixed economies
pure market economies
Command economies
traditional economies
10
Who makes the economic decisions in a command economy?
Consumers
Producers
Government
Market
11
The percent of people that can read and write
GDP
Specialization
Literacy Rate
Parliamentary
12
How are the governments of Mexico and Brazil similar?
Head of government is selected by the legislative branch
Both countries have a prime minister.
President has complete power of government
Both countries have a president.
13
What does a tariff increase a tax on?
Imported goods
People's income
Renewable Resources
People's property
14
Which of the following would reflect a country with a mixed economy?
A combination of privately-owned and government control
Prices and wages determined by supply and demand
Country's distribution of resources is based on inheritance
Prices and wages are solely regulated by the government
15
A tax on an imported good
Embargo
Blockade
Tariff
Currency Exchange
16
NAFTA is an example of which pattern of behavior among countries?
establishng trade quotas
putting trade embargos in place
imposing trade tariffs
forming trade agreements
17
What type of economic system do indigenous people have?
Market
Command Economy
Traditional Economy
Free Enterprise System
18
The tools, factories, and technology used to make a product
Autocracy
Human Capital
Capital Goods
Quota
19
A person who takes a risk by starting a new business
Parliamentary
Quota
Entrepreneur
Autocracy
20
When you switch your money to do business with a country that uses a different money
Currency exchange
Blockade
Tariff
Quota
