Understanding Guatemala's Economy

Understanding Guatemala's Economy

11th Grade

16 Qs

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Understanding Guatemala's Economy

Understanding Guatemala's Economy

Assessment

Quiz

Others

11th Grade

Practice Problem

Hard

Created by

maria puac

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main goal of Guatemala's economic policy?

To focus solely on attracting foreign investment.

To increase foreign debt and dependency.

To promote sustainable economic growth and reduce poverty.

To prioritize industrialization over agriculture.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does Guatemala's economic policy aim to reduce poverty?

Focusing solely on foreign investment without local support

Limiting access to education for rural areas

Increasing taxes on small businesses

Guatemala's economic policy focuses on inclusive growth, education access, support for small businesses, and social protection to reduce poverty.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the key components of Guatemala's foreign trade policy?

Promotion of exports, foreign investment attraction, free trade agreements, tariff reductions, and trade facilitation.

Complete isolation from international markets

Increased import tariffs on all goods

Mandatory government ownership of all export businesses

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which international treaties has Guatemala signed to promote trade?

Trans-Pacific Partnership (TPP)

North American Free Trade Agreement (NAFTA)

World Trade Organization (WTO) agreements

Central America Free Trade Agreement (CAFTA-DR), Association Agreement with the European Union, bilateral trade agreements with Mexico and Chile.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does Guatemala benefit from its participation in CAFTA-DR?

Guatemala benefits from increased market access, reduced tariffs, and economic growth.

Guatemala's economy shrinks due to CAFTA-DR participation.

Guatemala becomes isolated from international trade agreements.

Guatemala loses market access and faces higher tariffs.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role does the Ministry of Economy play in trade negotiations?

The Ministry of Economy plays a crucial role in formulating trade policies and negotiating trade agreements.

The Ministry of Economy does not participate in international trade discussions.

The Ministry of Economy only oversees domestic economic policies.

The Ministry of Economy is responsible for enforcing trade laws.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the main challenges facing Guatemala's foreign trade?

Strong international partnerships

Abundant natural resources

Limited infrastructure, high transportation costs, trade barriers, reliance on a narrow range of exports, and vulnerability to external economic fluctuations.

High levels of foreign investment

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