What 3 factors are true if literacy rate is increased?

People are able to improve their lives.

People will be able to get better jobs.

The government will stop supporting education.

Why is Mexico's economy considered a mixed-market economy?

There are more private than public businesses.

There are more public than private businesses.

There are no public businesses.

There are no private businesses.

What economic factors would you have to consider to trade with another country?

The trade barriers that may be in place

The population and GDP of that country

Why is it important for a business to understand the currency exchange system?

So they know the value of their money versus that of their trading partner so they can trade goods.

So they can make all money the same.

So they can do business with only those countries that exchange at a higher rate.

So they know which bank to go to for exchanging the currency.

What guides the 3 economic questions in a command economy?

decisions passed down by ancestors

Nothing. It just works itself out.

What guides the 3 economic questions in a market economy?

decisions passed down by ancestors

Nothing. It just works itself out.

What guides the 3 economic questions in a mixed economy?

supply and demand with some government regulations

the government with some private regulations

decisions passed down by ancestors

Nothing. It just works itself out.

restricted trade with another country

profit made by a country over one year

someone who takes the risk to start a new business

one that has education and industry

one that is working on education and industry

value placed on one's education and skill

SS6G2a Which of the following best explains how specialization encourages trade between nations?

Specialization allows nations to choose to market only those products/services which they are capable of providing fastest, cheapest, and in great abundance.

Specialization encourages businesses to make a wide variety of items, that way it ensures that someone will want to trade with them.

Countries that are allies will always want to trade with each other.

Specialization allows nations to protect domestic markets from foreign competition and block the importation of dangerous products.

SS6E1a Which statement BEST compares a market economy to a command economy?

In a market economy individuals decide for themselves what they will buy and sell, while the government decides in command economy.

In both market and command, the government controls the economic activity in a country.

In a market economy there is no private ownership, while command promotes it.

SS6E1b Which action would do the MOST to make Cuba’s economic system more like Brazil’s?

decreasing government involvement in major industries

decreasing personal income tax rates

increasing per capita income by not allowing a free market

SS6E3a Based on the map of world literacy in 2011, what can you conclude about Latin America's literacy rate?

Latin America has high levels of literacy, except in a few countries in Central America.

Latin America is the region with the lowest literacy levels in the world.

South America shows the lowest level of literacy of all continents showed on the map.

Latin America shows much higher literacy rates than all North America.

SS6E3c If the leader of a country's plan is to improve the economy by encouraging companies to invest in new computers and wireless communication systems, s/he would be basing his/her plan on the conclusion that:

An investment in capital goods will increase the country's GDP.

An investment in human capital will increase the country's GDP.

An investment in entrepreneurs will spark creativity in the country.

An investment in human resources will help the country's economy.

SS6E2d Besides the economic agreements, stated in the Preamble of NAFTA, the United States, Canada, and Mexico also agreed to do the following for workers:

provide more job opportunities, improve working conditions, provide a better standard of living, and protect the rights of workers

The governments would provide training to teach them to read and write, in order to increase the GDP of their country.

provide education and healthcare for all citizens

provide adequate shelter, food, and clean drinking water.

SS6E3e Would one conclude that it is difficult to be an entrepreneur in Cuba?

Yes, because of strict government control, private property strictly regulated, and limited trade and investment.

No, foreign investment in the country is at an all-time high, government loans are at low interest rates, and approval for bank loans have improved.

Yes, because there is so much private business competition.

No, because Cuba does not need many entrepreneurs because they make enough money from public sector businesses to maintain the country's high GDP.

SS6E2b The change in Cuba’s government following the Communist Revolution led to the U.S. placing an embargo on trade with Cuba. An embargo is best described as: (PS)

A ban on trade for political reasons

A ban on trade for religious reasons

SS6E4b Most countries have a mixed economy located on a continuum between pure market and command. What does this statement mean?

Most countries have a blend of market and command economies. Some are closer to command while others are closer to pure market.

Most countries have stores that continue to sell goods only to the government.

Most countries really have traditional economies where they do things the way that they always have.

Most countries have a pure market or pure command economy.

Why do countries need to exchange currency in order to trade with other countries?

To buy and sell goods and services with other countries

So countries can limit their trade with other countries

Because people want to use American dollars to trade

Because banks do not like to exchange their money for other currencies

An entrepreneur is a person who starts a business. Which is a way that entrepreneurs help increase a country’s GDP?

Creating businesses that give people jobs

Working to decrease the amount of goods sold in a country

Closing businesses that are making too much money

Writing laws to protect personal property

Adriana lives in Brazil.She is planning a trip to visit her sister,who recently moved to Mexico.She plans to take a taxi from the airport when she arrives sin Mexico.What must she do in order to pay for the taxi ?

Exchange her Brazilian reais for Mexican pesos

Get a job so that she can earn Mexican pesos

Pay a travel tariff to the government of Mexico

Pay a travel subsidy to the government of Mexico

What problems can arise if a country doesn't invest in human capital?

Uneducated, unskilled, and unhealthy workers are less productive

Workers learn the skills their need on their own

Businesses will not pay taxes to get good schools

total value of goods/services produced in a country for a year

a portion of the goods/services produced in a country for a year

total number of imports/exports in a country for a year

Economics of Latin America

Quiz

•

History

•

6th Grade

•

Practice Problem

•

Easy

Used 32+ times

FREE Resource

Venezuela

Cuba

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever

or continue with

Microsoft

Apple

Others

Already have an account?

Similar Resources on Wayground

60 questions

Ch. 3 Early Dakota

Quiz

•

6th Grade

70 questions

Geography

Quiz

•

6th Grade

61 questions

Sử 6 Đề Cương Giữa Học Kỳ II

Quiz

•

6th Grade - University

61 questions

Kviz općeg znanja

Quiz

•

5th - 8th Grade

62 questions

Tolerancja i przejawy senfobi

Quiz

•

6th Grade

70 questions

Daniel

Quiz

•

KG - Professional Dev...

66 questions

Ultimate CE SOL Prep

Quiz

•

KG - 9th Grade

61 questions

Black History Month Presentations Quiz

Quiz

•

6th - 8th Grade

Popular Resources on Wayground

5 questions

This is not a...winter edition (Drawing game)

Quiz

•

1st - 5th Grade

15 questions

4:3 Model Multiplication of Decimals by Whole Numbers

Quiz

•

5th Grade

25 questions

Multiplication Facts

Quiz

•

5th Grade

10 questions

The Best Christmas Pageant Ever Chapters 1 & 2

Quiz

•

4th Grade

12 questions

Unit 4 Review Day

Quiz

•

3rd Grade

10 questions

Identify Iconic Christmas Movie Scenes

Interactive video

•

6th - 10th Grade

20 questions

Christmas Trivia

Quiz

•

6th - 8th Grade

18 questions

Kids Christmas Trivia

Quiz

•

KG - 5th Grade

Discover more resources for History

8 questions

Constitutional Convention

Lesson

•

5th - 8th Grade

10 questions

Exploring the Legacy of Ancient Egypt

Interactive video

•

6th - 10th Grade

20 questions

Characteristics of the Three Colonial Regions (1.5b)

Quiz

•

6th Grade

8 questions

The 13 Colonies

Lesson

•

6th Grade

35 questions

VS.5 Revolutionary War

Quiz

•

4th - 6th Grade

10 questions

Humans and the Environment BrainPop

Quiz

•

3rd - 8th Grade

10 questions

Exploring the 7 Principles of the Constitution

Interactive video

•

6th - 10th Grade

44 questions

Q2 World History Exam Review

Quiz

•

6th - 8th Grade