SS6E1 Economic Systems & SS6E2 Voluntary Trade

Which letter represents Cuba on the economic continuum below?

• Letter A

• Letter B

• Letter C

• Letter D

Which characteristic BEST describes Mexico's economy?

• Traditional

• Command-leaning

• Market-leaning

• Pure Market

During the 1960s, the United States placed an embargo on this country in response to its ties to Communism. Mark only one oval.

• The country at Letter A

• The country at Letter B

• The country at Letter C

• The country at Letter D

If Cuba's government puts a limit on how much Vietnamese rice it will import this year, what trade barrier is this?

• Tariff

• Embargo

• Quota

• Free trade

What is the purpose of a tariff? Mark only one oval.

• The purpose is to artificially raise the price of a foreign good in order to make a local good cheaper.

• The purpose is to punish rogue nations for safety reasons.

• The purpose is to block trade with another nation.

• The purpose is to place a limit on imported goods so that citizens will buy more local goods.

What is the purpose of a quota? Mark only one oval.

• The purpose is to artificially raise the price of a foreign good in order to make a local good cheaper.

• The purpose is to punish rogue nations for safety reasons.

• The purpose is to block trade with another nation.

• The purpose is to place a limit on imported goods so that citizens will buy more local goods.

Brazil charges special taxes on European fruits and vegetables brought into the country. What type of trade barrier is this?

• Quota

• Tariff

• Embargo

• Free Trade

Which Latin American country has a command-leaning economic system? Mark only one oval.

• The country at Letter A

• The country at Letter B

Which country's economy system is being described in the list below? - COMMAND-LEANING ECONOMY THAT IS ONLY 33% FREE - FACTORIES, MACHINERY, AND EQUIPMENT ARE OUTDATED - GOVERNMENT REGULATES THE ECONOMY WITH LITTLE INPUT FROM PRIVATE CITIZENS AND BUSINESSES - 70% OF WORKERS ARE EMPLOYED BY THE GOVERNMENT

• Brazil

• Mexico

• Cuba

• None of the above.