Latin America Gov & Econ Info

Question 1

A worker in a coffee factory receiving training as to how to work all the machinery, etc...?

Accepted Answer

Human Capital

Question 2

Import or Export FOR BRAZIL? (or option C or D?)....Hyundai shipping 20,000 cars to Brazil...?

Accepted Answer

Option D: Import

Question 3

Sam lives in San. Fran, CA.-he sees the need for a kayak supply store. He buys a small building

Accepted Answer

by himself and lives-out his dream as an entrepreneur

Question 4

The people (the citizens) of which of these countries basically have ZERO freedom/rights?

Accepted Answer

Cuba

Question 5

500 tribal people, living in the middle-of-nowhere....farming...generation-to-generation:

Accepted Answer

Traditional

Question 6

This type of gov is going to be "pro-citizen"-rights for all, voting for all, freedom, etc.

Accepted Answer

Democratically elected leader(s)

Question 7

The Mexican President serves _______ and the U.S. President serves _______ .

Accepted Answer

1 time for 6 yrs; 2 times (potentially) for 8 yrs total

Question 8

"Hey BMW! You can sell 10,000 of your fancy cars here in the U.S., BUT NOT 50,000!!"

Accepted Answer

quota (We want to give U.S. companies a chance, too)

Question 9

A single leader...ruthless...all-powerful..no free elections..no free speech for citizens:

Accepted Answer

An Autocratic Dictator

Question 10

One country may/might have a stronger economy than another country because they have...

Accepted Answer

more natural resources-they don't have to depend on others

Question 11

The Boss just ordered new desks/chairs, and hey!-even new ipads for ALL workers....?

Accepted Answer

This scenario illustrates physical capital

Question 12

You and your (several) business partners own all the movie theaters around-you/your partners

Accepted Answer

selfishly have all the power in the area: an Oligarchy

Question 13

One Dictator...one political party-the Communist Party-no free elections...ONE main Government:

Accepted Answer

Unitary

Question 14

Which of the following would describe a mixed/market economy?

Accepted Answer

supply and demand/prices are set by buyers and sellers

Question 15

A country with a mixed/market economy is going to have...

Accepted Answer

prices set by supply&demand, and not by the Gov.

Question 16

How are the voting requirements in Brazil differ from American voting requirements?

Accepted Answer

U.S.=18+may ; Brazil=16,17 & over 70 yrs old may..18-70 must

Question 17

Investing in capital goods (by a company) helps their country's GDP increase because...

Accepted Answer

a company can make more goods at a better price/more profit

Question 18

Mexico and Brazil have a(n) ________ style of Gov., and Cuba has a(n) _______ style of Gov.

Accepted Answer

Federal; Unitary

Question 19

NAFTA's "purpose" is really to...

Accepted Answer

increase trade between countries/to get rid of extra tariffs

Question 20

Mexico is a _____________ and they distribute their gov power with a _________ style gov.

Accepted Answer

Presidential Democracy; Federal

Question 21

Shared power..BIG, MAIN central Gov, then smaller regional gov's, like state gov. & county gov.

Accepted Answer

Federal

Question 22

You're tired of your leaders-there's an election coming up...you want change...you NEED change:

Accepted Answer

Then head to the polls and VOTE!!

Question 23

Investing in human capital is a wise decision to make because typically companies that

Accepted Answer

invest in workers' training, etc., tend to do better/make $$

Question 24

Cuba is ALMOST a pure Command Econ because the government....

Accepted Answer

makes basically ALL the decisions involving the economy

Question 25

What are the 3 economic questions that ALL economies, business "peeps", etc., MUST ask?

Accepted Answer

What to produce? For whom to produce? How to produce?

Question 26

Why do ppl exchange money/currency?

Accepted Answer

Different countries use different types of money

Question 27

We've talked about physical & human capital....so what is just plain ol' "capital"?

Accepted Answer

In simple, basic terms-money (used for businesses, etc.

Question 28

"Hey Mercedes-bring some of your cars here, but we are going to have you

Accepted Answer

pay a tariff (a special tax on imported goods)

Question 29

Same question, sorta-just "basic", this time...a special tax on goods brought into ur country:

Accepted Answer

tariff

Question 30

The more natural resources a country has of its own, the better because....

Accepted Answer

The country saves $$-it's expensive to have to import items

Question 31

Just to make sure we are all CRYSTAL-CLEAR....capital goods are usually considered to be the

Accepted Answer

same as physical capital (machinery, desks, computers, etc.)

Question 32

Brazil's Chief Exec./leader was chosen through a free election. What kind of leadership is it?

Accepted Answer

Presidential Democracy

Question 33

Mexico and Canada and the U.S. DON'T pay extra crazy-high tariffs when trading w/each other,

Accepted Answer

so it can safely be assumed that they practice free trade.

Question 34

You manufacture (or grow) only 1-2 items, & it's done REALLY WELL-this is an explanation of...

Accepted Answer

specialization

Question 35

Why does Brazil have a stronger economy than Cuba?

Accepted Answer

Brazil has more natural resources than Cuba does

Question 36

18 yrs+ old to vote in the U.S.-in Mexico, you have to be __ to vote there.

Accepted Answer

also 18, just like in the U.S.

Question 37

Lat. America's overall Lit. Rate is decent/high (approx. 90%)-but Haiti's is low (51%)-it seems

Accepted Answer

their gov hasn't invested in the people's human capital

Question 38

Simply put, entrepreneurs help a country's GDP/economic "strength" by....

Accepted Answer

helping to create/providing solid jobs for citizens

Question 39

Mexico's Pres is elected by & for the ppl. Their Gov has "shared power"-BIG Gov, small, etc.

Accepted Answer

This reflects their type of gov., which is Federal

Question 40

ONE ruler...no free elections...no rights for the people...the single ruler has ALL THE POWER:

Accepted Answer

Autocratic

Latin America Gov & Econ Info

Questions 40

Latin America Gov & Econ Info

Questions 40