Unit 6: Latin American Government & Economy | Unit Overview

Select THREE traits that describe the government of Cuba.

• Communist autocracy.

• Citizens have numerous rights and freedoms.

• Government closely monitors the press and media.

• Citizens vote for an executive leader and members of the legislature.

• There is only one political party.

Select THREE traits that describe the government of Mexico and Brazil.

• Presidential democracy.

• Citizens have numerous rights and freedoms.

• Government closely monitors the press and media.

• Citizens vote for an executive leader and members of the legislature.

• There is only one political party.

In this economic system the government controls the operation of all businesses, goods, and services provided for its citizens.

• market

• mixed

• command

• traditional

In this economic system the citizens own and operate the businesses and services, the government has little to no control.

• market

• command

• mixed

• traditional

Most economies on earth can be classified under this system in which the government and citizens share responsibility over the goods and services provided.

• traditional

• command
• market
• mixed

When trading, countries often place these restrictions that make the trade more difficult

• trade barriers
• human capital
• command economy
• capital

A country's total GDP divided by its population is known as _________________. This is a much more accurate representation of individual citizens' standard of living in a country.

• total GDP

• GDP growth rate

• GDP per capita

• literacy rate

This trade barrier occurs when a country imposes a tax on imported or exported goods.

• capital

• quota
• embargo
• tariff

This trade barrier occurs when two or more countries no longer trade with one another, usually over government disputes.

• tariff
• quota
• embargo
• human capital

This trade barrier occurs when countries are forced to meet or set certain limits on how much of a certain product can be traded or produced.

• tariff
• quota
• embargo
• entrepreneurs