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