Latin America Benchmark Review (3rd 9wks)

An economy that has very little government regulation and also allows for private ownership of businesses and properties is called a ____________.

• A. socialist economy

• B. market economy

• C. command economy

• D. traditional economy

The literacy rate for the region of Latin America is 90%. In the country of Haiti, the literacy rate is 51%. Which statement BEST reflects these factors of economic growth in Haiti?

• A. Haiti's low investment in human capital lowers the GDP per capita.

• B. Haiti's high investment in human capital lowers the GDP per capita.

• C. Haiti has greater opportunity for other capital investments than education.

• D. Haiti's GDP per capita would decrease if there was more investment in human capital.

Which of the following is the MAIN environmental issue facing Brazil?

• A. It is polluted due to the oil wells located along its shores.

• B. River water is polluted because it is connected to the ocean.

• C. The air pollution causes problems for citizens.

• D. Deforestation is destroying the rainforest.

Which factor is a MAIN reason that there is a high amount of trading between Mexico and the United States?

• A. The countries are close together and share a border.

• B. There is a river between the two countries.

• C. Neither country has natural resources.

• D. Both countries have decreasing populations.

The primary languages of Latin America have become Spanish and Portuguese because this region(s) ______________.

• A. was once ruled by Canadians.

• B. was once ruled by Spain and Portugal.

• C. had many refugees that fled to Latin America after WWI.

• D. farmers were brought over from Europe to help develop struggling crops.

Which of the following is Mexico's government doing to stop air pollution?

• A. Placing a tariff on automobiles.

• B. Encouraging public transportation and car-pooling.

• C. Increasing the price of gas for automobiles.

• D. Allowing older cars that give off more emissions to be driven.

What three economic questions are asked when studying the similarities of a traditional, command, and

market economy among the nations of the world?

• A. What to produce, why to produce, when to produce?

• B. What is your opportunity cost, what resources are needed, why should these resources be used?

• C. What to produce, how to produce, and for whom to produce?

• D. What is your opportunity cost, why are economic resources needed, when should these resources be

  used?

Which country is located south of Colombia?

• A. Panama

• B. Chile

• C. Amazon Rainforest

• D. Mexico

Which trade barrier discourages trade by placing a tax on foreign goods?

• A. quota

• B. tariff

• C. subsidy

• D. embargo

Brazil is one of the world's major producers and exporters of agricultural products, and it remains the

world's largest exporter of several agricultural products including coffee, orange juice and sugar. The

reason Brazil exports so many agricultural products is mostly a result of Brazil's...

• A. Human resources

• B. Natural resources

• C. Capital resources

• D. Educational opportunities