Latin American Government/Economics Test

Front

Which does NOT describe how Mexico and Brazil are democratic?

Back

Both have a parliamentary democracy.

Answer explanation

Mexico and Brazil do not have a parliamentary democracy; they both operate under a presidential system. The other options accurately describe their democratic features.

Front

Based on economic freedom, what is MOST LIKELY true about Mexico and Brazil?

Back

Citizens in Mexico can make more economic decisions than citizens in Brazil.

Answer explanation

Mexico has a higher level of economic freedom compared to Brazil, allowing its citizens more opportunities to make economic decisions. This is reflected in Mexico's more favorable business environment.

Front

What is true about Mexico and Brazil based on economic freedom?

Back

Citizens can choose what to buy and sell, with some government intervention.

Answer explanation

Mexico and Brazil allow citizens to choose what to buy and sell, indicating a level of economic freedom. However, there is some government intervention, which distinguishes them from fully controlled economies.

Front

Which statement is NOT true about Cuba's economy? Options: Cuba has less economic freedom than Mexico and Brazil., Cuba's government controls what goods are produced., Cuba's citizens make more economic decisions than the government., Entrepreneurship is unavailable in Cuba.

Back

Cuba's citizens make more economic decisions than the government.

Answer explanation

The statement 'Cuba's citizens make more economic decisions than the government' is NOT true, as Cuba's government heavily controls the economy, limiting citizens' decision-making power.

Front

If Brazil regulates its agricultural businesses more, what would MOST LIKELY happen to its economy?

Back

Brazil will most likely become a mixed command economy.

Answer explanation

If Brazil increases regulation in agriculture, it would likely shift towards a mixed command economy, where the government plays a significant role in economic decisions, balancing between free market and state control.

Front

Brazil's economy benefits from diverse agricultural exports, such as providing 80% of the world's orange juice, mainly to the EU. Which vocabulary word does this describe?

Back

specialization

Answer explanation

The description highlights Brazil's focus on producing a significant portion of the world's orange juice, indicating its economic strength through specialization in agricultural exports.

Front

The Columbian government wants to limit the supply of imported coffee. What should they do?

Back

Place a quota on imported coffee.

Answer explanation

Placing a quota on imported coffee directly limits the quantity that can be imported, effectively controlling supply. A tariff increases costs, while an embargo halts trade, and a free trade agreement would likely increase imports.

Front

How can the Columbian government ensure local coffee is cheaper than imported coffee?

Back

Place a tariff on imported coffee.

Answer explanation

Placing a tariff on imported coffee increases its price, making local coffee more competitive and cheaper by comparison. This encourages consumers to buy local products over imported ones.

Front

What will Brazil most likely do regarding trade with Argentina if Argentina's government arrests citizens who speak against their leader?

Back

Brazil will place an embargo with Argentina until they become more democratic.

Answer explanation

Brazil disapproves of Argentina's actions against free speech. To pressure Argentina towards democracy, Brazil is likely to impose an embargo, restricting trade until political changes occur.

Front

What was the original purpose of the United States-Mexico-Canada Agreement?

Back

They removed all trade barriers like tariffs.

Answer explanation

The original purpose of the United States-Mexico-Canada Agreement was to remove all trade barriers like tariffs, promoting free trade among the three countries and enhancing economic cooperation.