Government and Economics Quiz

The economies of Latin America lie along a range between pure market and pure command.
The government owns nearly all major industries in Cuba's economy. Most means of production are owned by the state. Only limited private ownership is permitted in Cuba. By contrast, in Chile, well-secured property rights provide security for the private sector. Chile's economy is very open to global trade and investment.

Based on the passage, which country's economy is closest to a market economy?

• Brazil

• Chile

• Cuba

• Mexico

The economies of Latin America lie along a range between pure market and pure command.
The government owns nearly all major industries in Cuba's economy. Most means of production are owned by the state. Only limited private ownership is permitted in Cuba. By contrast, in Chile, well-secured property rights provide security for the private sector. Chile's economy is very open to global trade and investment.

Based on the passage, which country's economy is closest to a command economy?

• Brazil

• Chile

• Cuba

• Mexico

Country A charges a 35% tax on automobiles imported into the country. This is an example of

• a tariff

• a quota

• an embargo

• a specialization

Which government action would most likely increase the human capital of the population?

• Ontario's provincial government increases spending on advertising campaigns to boost tourism.

• Canada's national government increases investment in environmental conservation.

• Ontario's provincial government increases investment in higher education and job training programs.

• Canada's national government increases spending on military and defense projects.

The German government has provided education and job training to people. How did the German government try to improve its economy?

• It made investments in human capital.

• It took advantage of its natural resources.

• It reduced barriers to starting new businesses.

• It helped companies invest in capital resources.

The national and state governments of Australia provide utilities such as water and sewage for their citizens and also run the postal service. Other production is controlled by private enterprises. The economy of Australia is BEST described as a

• pure market economy

• pure command economy

• primarily market economy with command elements

• primarily command economy with market elements

Country X wants to help its domestic car industry expand. It wants to do so by creating a barrier to trade. How would an embargo on cars produced internationally be different from a quota on cars produced internationally?

• A quota would ban the import of all internationally produced cars. An embargo would set a limit on the import of internationally produced cars.

• An embargo would ban the import of all internationally produced cars. A quota would set a limit on the import of internationally produced cars.

• An embargo would ban the import of all internationally produced cars. A quota would put a tax on the import of internationally produced cars.

• A quota would ban the import of all internationally produced cars. An embargo would put a tax on the import of internationally produced cars.

Who makes the laws in a presidential democratic government?

• the president

• the legislature

• both the president and the legislature

• the people who vote for the president

Brazil has around 30 political parties. In the last election, Lula de Silva from the Worker's Party took over from Bolsonaro from the Liberal Party. However, in Cuba, there is only one party, the Communist Party, which has dominated since the end of the Cuban Revolution in 1959.

Does the government of Brazil or Cuba represent its citizens better? Why?

• The government of Cuba represents its citizens better because there are many political parties for Cuban voters to choose from.

• The government of Brazil represents its citizens better because there are many political parties for Brazilian voters to choose from

• The government of Cuba represents its citizens better because the Brazilian people are not allowed to vote for government officials.

• The government of Brazil represents its citizens better because the Cuban people are not allowed to vote for government officials.

A country with a high literacy rate often has a

• low income tax rate

• low standard of living

• high standard of living

• high income tax rate