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WorksheetsLatin American Economics
Total questions: 20
Worksheet time: 14mins
Name
Class
Date
1.
SS6E1c
Which Caribbean nation is an example of rule by one?
Which Caribbean nation is an example of rule by one?
a)
Cuba
b)
Haiti
c)
Jamaica
d)
Trinidad
2.
SS6E2a.
How does specialization encourage trade between two countries?
How does specialization encourage trade between two countries?
a)
A Specialization produces such an abundance of one product that the country is forced to trade it.
b)
A Specialization creates a diversity of products in one country and very few products in others.
c)
Specialization utilizes different natural resources that are shared between multiple countries.
d)
A Specialization allows for countries to master one product and sell it to other countries that may need it.
3.
SS6E2b
Which type of trade barrier involves adding a special tax to goods brought into the country?
Which type of trade barrier involves adding a special tax to goods brought into the country?
a)
tariff
b)
quota
c)
embargo
d)
voluntary exchange
4.
SS6E1c
This is the strongest economy of all the South American countries
This is the strongest economy of all the South American countries
a)
Venezuela
b)
Colombia
c)
Cuba
d)
Brazil
5.
SS6E2b
In order to help U.S. car companies sell more cars, some people want to put a limit on the number of cars that can be imported from other countries. This is an example of a(n)
In order to help U.S. car companies sell more cars, some people want to put a limit on the number of cars that can be imported from other countries. This is an example of a(n)
a)
tariff
b)
quota
c)
embargo
d)
voluntary exchange
6.
SS6E1c
Who are Brazil's top trading partners?
Who are Brazil's top trading partners?
a)
USA and Mexico
b)
Argentina and USA
c)
Venezuela and China
d)
Argentina and China
7.
SS6E2c.
A main purpose of NAFTA was to
A main purpose of NAFTA was to
a)
increase trade by creating a large free-trade zone.
b)
create tariffs between Canada, Mexico, and the United States.
c)
decrease the standard of living for some people while raising it for others.
d)
keep people in one country from buying goods from the other two countries.
8.
SS6E1a
What type of economic system does Brazil have?
What type of economic system does Brazil have?
a)
Mixed
b)
Market
c)
Traditional
d)
Command
9.
SS6E2c
Which problem did many Americans believe would result from NAFTA?
Which problem did many Americans believe would result from NAFTA?
a)
American factory workers would lose jobs.
b)
The countries would not have a strong central government.
c)
More immigrants would come to the US from Mexico.
d)
Rules about trading fairly between different countries would be removed.
10.
SS6E1c
What type of economic system does Cuba have?
What type of economic system does Cuba have?
a)
Mixed
b)
Market
c)
Traditional
d)
Command
11.
SS6E2b
Which situation might keep an embargo against a country from being successful?
Which situation might keep an embargo against a country from being successful?
a)
The country is able to find other trading partners.
b)
The country does not need to trade with other countries.
c)
People in the other country suffer because trading has stopped.
d)
People in the other country don't care whether their country trades with other countries.
12.
SS6E2d
What is one reason for people to exchange currency?
What is one reason for people to exchange currency?
a)
to make more money by trading currency
b)
most people want to use American dollars to trade
c)
because different countries have different currencies
d)
to buy and sell goods and services with other countries
13.
SS6E1c
This country is the #1 producer of coffee in the world
This country is the #1 producer of coffee in the world
a)
Brazil
b)
USA
c)
Bolivia
d)
Cuba
14.
SS6E3a.
It is important for a country to invest in human capital because businesses
It is important for a country to invest in human capital because businesses
a)
need money in order to pay for their workers
b)
enjoy workers getting extra training and job opportunities
c)
are more successful when the workers have good training and health care
d)
are not responsible for the training and health care of the workers they employ
15.
SS6E3a.
Which is an example of investment in human capital?
Which is an example of investment in human capital?
a)
trucks
b)
factories
c)
education
d)
highways
16.
SS6E2c
Which issue did some people think would be a problem related to NAFTA?
Which issue did some people think would be a problem related to NAFTA?
a)
increases in immigrants from Mexico to the US.
b)
decreases in income to governments because of lower tariffs.
c)
increases in pollution in Mexico and the southwest US.
d)
decreases in the standard of living for the people of the 3 countries.
17.
SS6E2b
A country's votes to increase tariffs upon goods from another country. This is an example of
A country's votes to increase tariffs upon goods from another country. This is an example of
a)
A. a monarchy encouraging free trade.
b)
B. a democracy restricting trade.
c)
C. a socialist congress preventing free enterprise.
d)
D. a communist government allowing freedom of speech.
18.
SS6E1c
Which action would do the MOST to make Cuba’s economic system more like Brazil’s?
Which action would do the MOST to make Cuba’s economic system more like Brazil’s?
a)
increasing incentives to trade
b)
decreasing personal income tax rates
c)
decreasing government involvement in key industries
d)
increasing per capita income by not allowing a free market
19.
SS6E2d
What is the money people use in a country called?
What is the money people use in a country called?
a)
trade
b)
currency
c)
exchange
d)
voluntary
20.
SS6E1c
The top trading partners of this country are Venezuela and China
The top trading partners of this country are Venezuela and China
a)
Mexico
b)
Panama
c)
Cuba
d)
Haiti
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