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Government and Economies of Latin America

Total questions: 35

Worksheet time: 18mins

Name
Class
Date
1.
Tony lives in Mexico, where he serves in the state government of Yucatan.  While the capital city of Mexico makes many decisions for Mexico, the state of Yucatan can legally make some of its own decisions as well.  What form of government is being described?
a)
Autocracy
b)
Unitary
c)
Federal
d)
Parliamentary Democracy
2.
After the 1959 Cuban Revolution, Fidel Castro took power in Cuba as a communist dictator.  What is this form of government called?
a)
Autocracy
b)
Federal
c)
Democracy
d)
Oligarchy
3.
The government of Brazil is a presidential democracy.  Which of following statements is true about presidential democracies?
a)
A few people hold all the power
b)
The people elect the parliament but not the president
c)
The president is not a member of the legislature
d)
The citizens of Brazil have very little power.
4.
Between 1962 and 2014, the U.S. prohibited all trade with Cuba.  What trade barrier was this?
a)
Tariff
b)
Embargo
c)
NAFTA
d)
Quota
5.
Which is NOT one of the three questions is not asked when studying 
a)
What to produce?
b)
Why to produce?
c)
How to produce?
d)
For whom to produce?
6.
What type of economy has businesses that are controlled by both the government and citizens?
a)
Traditional
b)
Command
c)
Market
d)
Mixed
7.
The country of Brazil invests more in human capital than Honduras.  What is most likely true about Gross Domestic Product (GDP) in these two countries?
a)
Honduras and Brazil have almost the same GDP per capita.
b)
Honduras’s GDP is lower per capita than Brazil’s.
c)
Honduras’s GDP is higher per capita than Brazil’s
d)
None of the above
8.
If Mexico wants to increase its GDP, what should it do to invest more in physical capital?
a)
Stop investing in education.
b)
Improve its inefficient factories and outdated technology
c)
Become an autocratic country
d)
None of the above
9.
What is an advantage of specialization?
a)
Factories can produce fewer goods while spending less money
b)
Factories can produce more goods in less time while spending less money
c)
Businesses cannot sell as many types of goods when they specialize.
d)
None of the above
10.
An entrepreneur is a person who starts a business. Which is a way that entrepreneurs help increase a country’s GDP?
a)
Writing laws to protect personal property
b)
Creating businesses that give people jobs
c)
Closing businesses that are making too much money
d)
Working to decrease the amount of goods sold in a country
11.
Why do countries need to exchange currency in order to trade with other countries?
a)
So countries can limit their trade with other countries
b)
Because people want to use American dollars to trade
c)
Because banks do not like to exchange their money for other currencies
d)
To buy and sell goods and services with other countries
12.
Why do countries need to exchange currency in order to trade with other countries?
a)
So countries can limit their trade with other countries
b)
Because people want to use American dollars to trade
c)
Because banks do not like to exchange their money for other currencies
d)
To buy and sell goods and services with other countries
13.
Which words would best describe the type of government of Cuba?
a)
Presidential democracy, federal
b)
Unitary, mixed
c)
Unitary, dictatorship
d)
Confederate, oligarchy
14.
Which describes the government systems of Mexico and Brazil?
a)
Unitary and Democracy
b)
Federal and Autocratic
c)
Federal and Democracy
d)
Confederation and Oligarchy
15.
Which describes the government systems of Cuba?
a)
Federal and Democracy
b)
Unitary and Autocracy
c)
Confederation and Oligarchy
16.
Which statement is true about Cuba's economy?
a)
The government is not involved in the economy at all.
b)
Businesses and farms are owned by individuals.
c)
It is a traditional economy.
d)
The government controls what factories produce.
17.
Which Latin American country is Communist?
a)
Brazil
b)
Mexico
c)
Cuba
d)
They are all democratic
18.
Which is true about the economic system of Mexico?
a)
The government owns and manages everything related to the economy.
b)
Individuals and corporations own most of the businesses in the country.
c)
It has a command economy.
d)
It has a market economy.
19.
Which is NOT characteristic of a unitary system of government?
a)
All power is given to one ruler of the country.
b)
The central government has all the  power and their is not a division of power.
c)
Power is shared between the central government and smaller units, such as states
d)
None of the above
20.
The government of Brazil has a national government and 26 state governments, each with some reserved power and shared powers.  What type of government would Brazil be described as?
a)
Unitary
b)
Federal
c)
Confederation
d)
Oligarchy
21.
In which type of government are citizens most likely to choose their leader?
a)
Oligarchy
b)
Autocracy
c)
Democracy
d)
Unitary
22.
A farmer in Mexico may rely on bartering goods with other farmers. What type of economic system would he/she be using?
a)
Traditional
b)
Command
c)
Market
d)
None of the aboe
23.
You are a rich farmer in a small country and a part of a small group of wealthy landowning families that holds all of the political power in your nation.  Your small group makes all political decisions for your country.  When making decisions, you generally do what is best for your families rather than what is best for all the people in your country.   What form of government does this describe?
a)
Autocracy
b)
Democracy
c)
Oligarchy
d)
None of the above
24.
Brazil is building new factories and using newer technology.  What are these examples of? 
a)
GDP
b)
NAFTA
c)
Investment in human capital
d)
Investment in capital goods
25.
Janet, a teacher, has decided her small town needs a preschool for the young children.  She bought the building and opened a preschool.  What is Janet an example of?
a)
Physical Capital
b)
Entrepreneur
c)
Opportunity cost
d)
None of the above
26.
Strong nations invest money in healthcare, education, and training citizens to do different kinds of jobs. What are these strong nations investing in?
a)
Human capital
b)
Physical capital
c)
Capital goods
d)
GDP
27.
Mexico is a federal system of government. Which statement describes a federal government?
a)
All power is given to one ruler of the country.
b)
The central government has little power and is ruled by local bodies.
c)
Power is shared between the central government and smaller units, such as states.
d)
All of the above
28.
Venezuela has more oil and natural gas than its country needs. How does this affect Venezuela’s economy
a)
Venezuela is able to make a profit by selling these natural resources.
b)
Venezuela’s companies must buy these resources from other countries.
c)
Venezuela is able to produce all the goods and services that it needs.
d)
Venezuela can export these fossil fuels without harming the environment.
29.
Which country is NOT a part of NAFTA?
a)
Canada
b)
Mexico
c)
Honduras
d)
United States
30.
What is the main purpose of NAFTA?
a)
To stop trade between North America and Cuba.
b)
To increase quotas between North American countries.
c)
To add tariffs to all items traded between the United States and Canada.
d)
To increase trade between the United States, Mexico, and Canada by allowing free trade
31.
Which is the following is NOT an example of a trade barrier?
a)
Tariff
b)
Embargo
c)
Quota
d)
GDP
32.
When a country completely bans all trade with another country, it is called a/an _____________
a)
Quota
b)
Embargo
c)
Tariff
d)
None of the above
33.
A tax placed on imports is called a/an _____________
a)
Tariff
b)
Quota
c)
Embargo
d)
None of the above
34.
What is a quota?
a)
A tax placed on imports
b)
A limit placed on the number of important allowed in a country
c)
A complete ban on trade.
d)
A quote by a famous person.
35.
True or False:  Mrs. Churillo rocks the world of social studies.
a)
True
b)
False