Latin America History, Government, and Economics (Quiz)

  A tax on imported goods is a 

• tariff
• quota
• capital
• import 

An entrepreneur is  

• 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 

The value placed on one's education and skill is called 

• Developing country
• Capital (goods)
• Human capital 
• Developed country 

What is free trade?

• restricted trade with another country 
• The ability to trade with anyone
• anything that is used to make money 
• anything that stops trade 

Resources that can be replaced are called 

• capital 
• nonrenewable resources 
• natural resources 
• renewable resources 

A resource that come from the earth are called

• human capital 
• renewable resources 
• nonrenewable resources
• natural resources 

What type of economy is Cuba closest to?

• Command

• Market

• Traditional

What type of economy is Mexico and Brazil closer to?

• Command

• Market

• Traditional

NAFTA removed what trade barrier?

• Quota

• Embargo

• Tarrifs

• Trade

What does NAFTA stand for?

• North Atlantic Free Trade Agreement

• North American Free Trade Agreement

• North Alaska Free Trade Agreement

• North Amazon Free Trade Agreement