Gov't & Econ of Latin America

Brazil and Mexico have democracies that would be considered _____________ democracies.

• presidential

• parliamentary

• theocratic

• socratic

The basic question(s) any economic system has......

• What is produced?

• How is it produced?

• For whom is it produced for?

• all of the above

No country is a 100% pure economy, so where do all countries fall on the economic continuum?

• traditional economy

• mixed economy

• no economy

• free economy

Which trade barrier seeks to limit the amount of a certain good, or service that can be imported into a country?

• embargo

• quota

• tariff

• tax

Which trade barrier seeks to place a tax on imported goods?

• tariff

• quota

• embargo

Which type of trade barrier still exists between the United States and Cuba, where there is little to no trade between the nations?

• embargo

• tariff

• quota

Which term represents a country's action of focusing on a set of goods/services that is efficiently produced and exported?

• voluntary trade

• subsistence farming

• specialization

• production quota

USMCA (NAFTA) was a trade organization that's main focus was to eliminate tariffs between which nations?

• Mexico, Cuba, United States

• Mexico, Canada, United States

• Mexico, Brazil, United States

• Mexico, Cuba, Argentina

Example: 1.00 United States dollars= 5 Brazilian Real

What is this an example of?

• trade percentage

• tariff rate

• exchange rate

If Country X's literacy rate is 32% and their GDP per capita is $7,000, how would they need to get those statistics higher?

• invest in human capital

• invest in stocks

• invest in capital goods