Latin American Economics

SS6E1c
Which Caribbean nation is an example of rule by one?

• Cuba
• Haiti
• Jamaica
• Trinidad

SS6E2a. 
How does specialization encourage trade between two countries?

• A  Specialization produces such an abundance of one product that the country is forced to trade it.
• A  Specialization creates a diversity of products in one country and very few products in others.
• Specialization utilizes different natural resources that are shared between multiple countries.
• A  Specialization allows for countries to master one product and sell it to other countries that may need it. 

SS6E2b
Which type of trade barrier involves adding a special tax to goods brought into the country?

• tariff
• quota
• embargo
• voluntary exchange

SS6E1c
This is the strongest economy of all the South American countries 

• Venezuela 
• Colombia
• Cuba
• Brazil

SS6E2b  
In order to help U.S. car companies sell more cars, some people want to put a limit on the number of cars that can be imported from other countries. This is an example of a(n)

• tariff
• quota
• embargo
• voluntary exchange

SS6E1c
Who are Brazil's top trading partners?

• USA and Mexico
• Argentina and USA
• Venezuela and China
• Argentina and China

SS6E2c.
A main purpose of NAFTA was to

• increase trade by creating a large free-trade zone.
• create tariffs between Canada, Mexico, and the United States.
• decrease the standard of living for some people while raising it for others.
• keep people in one country from buying goods from the other two countries.

SS6E1a
What type of economic system does Brazil have?

• Mixed
• Market
• Traditional 
• Command

SS6E2c
Which problem did many Americans believe would result from NAFTA?

• American factory workers would lose jobs.
• The countries would not have a strong central government.
• More immigrants would come to the US from Mexico.
• Rules about trading fairly between different countries would be removed.

SS6E1c
What type of economic system does Cuba have?

• Mixed 
• Market
• Traditional
• Command