Economics and Environment Latin America

Question 1

What are the three questions every country must answer when developing an economic plan?

Accepted Answer

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

Question 2

Since there are no countries that are purely market or purley command, what does that make them

Accepted Answer

Mixed Economic System

Question 3

Which country borders Mexico to the North?

Accepted Answer

United States

Question 4

The world gets 20 percent of which resource from the Amazon rain forest?

Accepted Answer

oxygen

Question 5

Which is a problem associated with deforestation?

Accepted Answer

There is less forest to produce goods that humans need

Question 6

What is Mexico's most important resource and biggest export today?

Accepted Answer

Oil/Petroleum

Question 7

Economic decisions are made based on buyers and sellers that interact in the market place.

Accepted Answer

Market Economic System

Question 8

Therelationship between the literacy rate and standard of living in Latin Americais

Accepted Answer

Higher the literacy rate the higher the standard of living

Question 9

Which word has the same meaning as the economic term "tariff"?

Accepted Answer

Tax

Question 10

How does geogrpahy play a role in Mexico City's air pollution problem?

Accepted Answer

It lies in a bowl-shaped valley that traps air pollutants

Question 11

The four factors of production that influence economic growth within a country are _____.

Accepted Answer

Entrepreneurship Natural Resource Human Capital Capital Good

Question 12

The economic system of communist countries is most closely related to which of the following?

Accepted Answer

Command

Question 13

What is the main crop grown in areas of deforestation?

Accepted Answer

soybeans

Question 14

All economic decisions are based on customs, traditions, and beliefs of the past.

Accepted Answer

Traditional Economic System

Question 15

Where on the economic continuum would you put Cuba's economy?

Accepted Answer

Mixed but mostly command

Question 16

A market economy is very different from a command economy. Which is found in a Market economy?

Accepted Answer

Competition

Question 17

Why might Venezuelan govt NOT want to stop oil production, even though cause a lot of pollution

Accepted Answer

the govt. gets about half of its money from the oil business

Question 18

What are the main sources of air pollution in Mexico City?

Accepted Answer

factories and cars

Question 19

"Gifts" of Nature

Accepted Answer

Natural Resources

Question 20

In a traditional system people exchange goods or services than use money. Which is an example?

Accepted Answer

Bartering with a seller

Question 21

Which solution to Mexico City's air pollution problem would be most challenging to businesses?

Accepted Answer

closing factories one day a week

Question 22

Investing in factories, technology, buildings and property need by businesses to operate.

Accepted Answer

Capital Goods

Question 23

Which term best describes an economic system in which the people own factories and businesses?

Accepted Answer

Market

Question 24

All economic decisions are made by the government.

Accepted Answer

Command Economic System

Question 25

Which of the following is the best indicator of people's level of education?

Accepted Answer

literacy rate

Question 26

The cutting down and clearing away of trees are called

Accepted Answer

Deforestation

Question 27

Which of the following is a good example of capital investment?

Accepted Answer

Venezuela invests in technology and and equipment

Question 28

Why does deforestation increase when the value of crops and cattle go up?

Accepted Answer

People think they can make more profit selling cattle & crop

Question 29

Who is affected first by carbon dioxide pollution?

Accepted Answer

children and the elderly

Question 30

Which solution is a way that the government is trying to reduce pollution in Mexico City?

Accepted Answer

increase the # of cars produce little or no air pollution

Question 31

What problem has been caused by oil production in Venezuela?

Accepted Answer

the coast along the Caribbean Sea has been polluted with oil

Question 32

What are the economic systems?

Accepted Answer

Market, Traditional, and Command

Question 33

Investing in knowledge, talent, skills, and education of the workers in a businesses or country

Accepted Answer

Human Capital

Question 34

Which problem is associated with too much carbon dioxide in the air?

Accepted Answer

breathing problems

Question 35

What is the purpose of free trade partnerships like NAFTA between the US, Canada, and Mexico?

Accepted Answer

To increase trade by doing away with tariffs

Question 36

Which crops below are important to Cuba?

Accepted Answer

Sugar Cane and Tobacco

Question 37

When countries engage in voluntary trade each expects to be:

Accepted Answer

Better off after the trade

Question 38

Which of the following environmental issues does Mexico City face?

Accepted Answer

Air Pollution & Acid Rain

Question 39

The total value of all goods and services produced in that country in one year.

Accepted Answer

GDP

Question 40

Without a system for exchanging currencies it would be difficult for

Accepted Answer

Countries to trade with one another

Economics and Environment Latin America

Questions 40

Economics and Environment Latin America

Questions 40