WorksheetsCIA 7 Review
Total questions: 5
Worksheet time: 3mins
You own Olympic Fish Company, a fleet of fishing ships in the islands of Greece.Greece is a member of the European Union, and uses the euro as its currency. You make your living selling fish to your customers, mostly in other countries. Today you have received two orders:
Order #1
To: Olympic Fish Co. .
From France Fish Market
100 tons of sea bass
Note: France uses the Euro
Order #2
To Olympic Fish Co.
From: Miguel’s Meals (Mexico)
100 tons of sea bass
Note: Payment in Pesos only
Which of the following economic factors would affect the sale of the second order the most?
The scarcity of natural resources in Mexico
The rate of currency exchange for pesos and euros
The lack of investment in human capital in Mexico
The lack of investment in capital goods in Mexico
The Brazilian Banana Growers Association is concerned about increased competition from imported bananas that are larger than those grown within Brazil’s borders. The BBGA wants to lobby for a trade barrier. Which of the following trade barriers would restrict trade to reduce the number of foreign bananas without completely eliminating trade with these other nations?
embargo
tariff
quota
specialization
Which of the following best summarizes Mexico's share of US imports and exports?
Mexico's share of imports decreased from 1993 to 2016, while its share of exports increased from 1993 to 2016.
Mexico's share of imports increased from 1993 to 2016, while its share of exports decreased from 1993 to 2016.
Mexico's share of imports and its share of exports both decreased from 1993 to 2016.
Mexico's share of imports and its share of exports both increased from 1993 to 2016.
Which of the following best compares the governments of Mexico
and Cuba?
Both countries have a president that holds autocratic power
The head of government in Cuba is elected by the Parliament, but the head of government in Mexico is elected by the citizens.
Both countries are considered democracies because citizens have many rights and freedoms.
The citizens of Mexico play an active role is selecting their head of government, but the citizens in Cuba do not play an active role in selecting their head of government.
Which term best describes the form of government found in Brazil where citizens directly elect their head of government?
Autocracy
Communist
Presidential
Parliamentary
