6th SS 2nd Semester Final Review 1

How does the command economy of Cuba answer the three basic economic questions (what to produce, how to produce, and for whom to produce)? 

• The past guides all decisions about how to answer the basic economic questions.

• The government makes all the decisions about answering the basic economic questions.

• Supply and demand will determine how all the basic economic questions are answered.

• Supply and demand will determine how all the basic economic questions are answered.

Which country in the diagram has the LEAST free economy?

• Cuba

• Mexico

• Canada

• United States

In what way are the Mexican and Brazilian economies similar?

• They are both mixed economies.

• They are both traditional economies.

• They are both pure market economies.

• They are both pure command economies.

The United States Mexico Canada Agreement (USMCA) has had which of the following effects on United States-Mexican relations compared to the North American Free Trade Agreement (NAFTA)?

• The agreement helped Mexico increase its oil exports to benefit the United States economy overall.

• The United States sponsored Mexico to join the World Trade Organization

• The United States was able to issue a series to tariffs on Mexican-made products.

• The agreement has created more entrepreneurial opportunities in e-commerce for U.S. citizens.

When a country increases its investment in human capital, what is the impact on the country’s GDP?

• The GDP will usually increase.

• The GDP will usually decrease.

• The GDP will usually not change.

• The GDP will change for a short time only.

"Adrian lives in Brazil. He is planning a trip to visit his sister, who recently moved to Mexico. He plans to take a taxi from the airport when he arrives in Mexico."

What must Adrian do in order to pay cash for the Taxi ride?

• Get a job so that he can earn Mexican Pesos.

• Pay a travel tariff to the government of Mexico.

• Exchange his Brazilian reals for Mexican Pesos.

• Pay a travel subsidy to the government of Mexico.

Why did the Columbian Exchange result in a huge decline of Indigenous people of Latin America?

• They did not know how to speak Spanish.

• They had no immunity to European diseases.

• They had no idea how to ride European horses.

• They did not know how to grow European crops.

What was the Columbian Exchange?

• The movement of only goods and people from the Old World to the New World.

• The movement of animals and plants from the Old World to the New World.

• The movement of animals, plants, people, and diseases from Central and South America to North America

• The movement of animals, plants, people, ideas, cultures, and diseases from the Old World to the New World and from the New World to the Old World

Which of the following religions is practiced most in Latin America, and why?

• Catholicism as a result of the Columbian Exchange and Spanish Influence.

• Buddhism as a result of the Columbian Exchange and Spanish Influence

• Hinduism as a result of the Columbian Exchange and Spanish Influence.

• Judaism as a result of the Columbian Exchange and Spanish influence.

Which was a system of trade which African slaves were brought to the Americas to work on plantations?

• Columbian Exchange

• Triangular Trade

• American Colonization

• North American Free Trade Agreement