Latin America Government and Economics Review

How would you compare Mexico and Brazil's forms of government?

• Both Parliamentary Democracies

• Both Presidential Democracies

• Both Autocracies

• One is Parliamentary and One is Presidential

Which statement is true about Cuba's policial parties?

• There can only be 1

• There are many

• There is only 2

• There is only 4

Describe Brazil's economy.

• Pure Market

• Pure Command

• Mostly market, but the government controls somethings.

• Mostly command but the citizens have some control.

What is the difference between Mexico and Cuba's economic systems?

• Mexico is command, Cuba is mixed

• Cuba is mostly command, Mexico is mostly mixed

• Mexico is traditional, Cuba is mixed

• Cuba is Market, Mexico is Market

What is a problem a command economy faces?

• education is offered at no cost

• Shortages of goods

• Food prices are low

• Housing is priced low

An economy that is a blend between a command and a market economy is a ______________ economy.

• Market

• Command

• Traditional

• Mixed

What is a reason for people to exchange currency?

• TO make money

• For American dollars

• To buy and sell with other countries

• Because everyone has the same currency

Marcel has a corn stand in Mexico where he sells corn. His corn is not selling well this year because the corn from the USA is sold a a cheaper price. This makes Marcel think Mexico should leave NAFTA. Why would this upset Marcel and other farmers?

• NAFTA doesn't allow for tariffs to protect local farmers.

• The corn from the USA taste better

• There is a quota on corn from the USA

• NAFTA restricts trade with Mexico

What is most likely to be in a country with a high literacy rate?

• Low standard of living

• High standard of living

• No investment in human captial

• To much investment in capital resources

Country A invest in human capital, while country B does not invest in human captial. What is the result for Country A's economy?

• Country A's GDP will increase

• Country A's GDP will decrease

• County A GDP will not change

• Country A's GDP will impact literacy rate