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Unit 5 Study Guide Flashcards | StudBud
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Unit 5 Study Guide
Unit 5 Study Guide
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StudBud Administration
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Latin American government and economic terms.
Flashcards
21 cards
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Practice quiz
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Questions
21
Answers
1
Which factor of production has Cuba lacked for more than 50 years?
Entrepreneurship
Capital Goods
Human Capital
Natural Resources
2
What is literacy?
The amount of people living in an area
When a person is good at their job
When people make a lot of money
When a person can read and write
3
Democratic government would have the MOST amount of citizen participation.
False
True
4
Why do countries trade with each other?
Many countries have different currencies
To control their income
Most countries cannot efficiently produce everything their people need.
Because they want to
5
Brazil's economy is closer to which side of the economic continuum?
Market
Command
6
What type of government does Cuba have?
Democratic
Autocracy
Parliamentary Democracy
Presidential Democracy
7
The government has little to no role in the production of goods in this type of economy.
Traditional
Market
Command
8
Countries with high literacy rates are generally wealthier
False
True
9
What is the purpose of the USMCA?
To protect foreign producers
To bring peace
To improve trade in North America
To slow down trade
10
Which category would most countries fall into?
Market
Command
Mixed
11
A country that has aspects of a market economy plus a command economy is called a ___________.
Mixed
Command
Traditional
Market
12
Which country allows citizens to vote but only allows one political party (Communist Party) to run for office?
Mexico
Brazil
Cuba
Panama
13
The four types of economic systems are:
Tariff, Quota, Embargo, Barriers
Market, Command, Traditional, Mixed
Human Capital, Natural Resources, Capital Goods, Entrepreneurship
Autocratic, Democratic, Parliamentary, Presidential
14
"King" is the title of the chief executive with the most political power in a parliamentary democracy.
True
False
15
What are the characteristics of a traditional economic system?
Customs, habits and traditions determine what, how and for whom to produce
Buyers and sellers determine what, how, and for whom to produce
Government decides what, how and for whom to produce
16
What is life expectancy?
How well a person lives
How far away a person lives
How hungry a person is
How long a person lives
17
What is true of citizen participation in the Brazilian government?
Brazilian citizens are required by law to vote.
Brazilians are not required to vote
Brazilians must be 70+ to vote
Brazilians do not vote
18
In which economic system are entrepreneurs MOST likely to exist?
Command
Traditional
Market
19
The citizens elect members of the legislature, then legislature elects the executive leader of the government in ______.
Parliamentary Democracy
Autocracy
Presidential Democracy
20
Autocratic government would have the LEAST amount of citizen participation?
True
False
21
What is the purpose of specialization?
When a country can trade with many countries
When a country has fertile land
When a country has a high literacy rate
to increase the efficiency of production
