Latin America Gov't & Econ Quiz Review

Cuba's economic system allows for entrepreneurs to set prices and make economic decisions on their own.

• True
• False

In Brazil, certain citizens are

• Prohibited to vote
• required to run for office
• required to vote
• lose the right to vote

In which type of economic system does the government control what a factory produces and what price it will sell for?

• mixed
• market
• command
• traditional

Cuba has benefited from the embargo placed by the United States

• true
• false

Which statement describes Brazil's economy?

• Pure market
• Pure command
• Mostly market, but government has some control
• Mostly command, but farmers can sell their produce

Which type of government exists in Cuba?

• monarchy
• dictatorship
• presidential democracy
• parliamentary democracy

Which is not part of the North American Free Trade Agreement (NAFTA)

• Unites States
• Mexico
• Cuba
• Canada

The main purpose of NAFTA was to 

• increase trade by creating a free trade zone
• Create tariffs between the three countries
• Increase the standard of living for people in the US only
• To prevent the free trade 

  A tax on imported goods is a 

• tariff
• quota
• capital
• import 

A quota is a

• restricted trade with another country
• tax put on imported goods
• Limited number 
• profit made by a country over one year