WorksheetsLatin America Government and Economics
Total questions: 31
Worksheet time: 20mins
Twice a year, Chick fil a restaurants send employees to a special school in Orlando to take classes in management. This is an example of investing in...
entrepreneur
healthcare
human capital
capital goods
The beautiful island of Wilson is very small and has limited natural resources. How does this affect trade for the island of Wilson?
exports only manufactured goods
imports fewer products
exports more goods to country of Cragin
has to import goods needed
The people of the village Cragin have always bartered with the people in Avis. They only barter on the 4th day of the second week of the third month in a calendar year.
command
market
mixed
traditional
Mr. Potato Head and Mrs. Potato Head have started a Potato Chip company. Their main competition is Lays potato chips. Both companies base all decisions about production on supply and demand without any government regulations.
mixed
traditional
command
market
How many pure market economies are there in the world?
zero
one
two
three
What does NAFTA stand for?
North American Free Trade Agreement
North Atlantic Free Trade Agreement
North American Free Trade Article
North Atlantic Free Trade Alignment
True or False All currencies have the same value.
True
False
Which of the following questions does an economic system not answer?
Why to produce?
How to produce?
For whom to produce?
What to produce?
The people of Mexico and Brazil vote in two separate elections. One is to elect the executive branch and the other is to elect the members of the legislative branch. This is an example of which type of government?
parliamentary democracy
constitutional democracy
presidential democracy
pure market
Which of the following countries does NOT have a democratic citizenship participation?
Brazil
Cuba
Mexico
Canada
What have the member countries of NAFTA agreed to eliminate?
embargos
quotas
tariffs
all of these
Which of the following Latin American countries is closest to a command economy?
North Korea
Cuba
Brazil
Mexico
Which of the following could be a problem with having a pure command economy?
People do not get enough of the resources they need, such as food and medicine
There is not enough government control to keep people safe.
Businesses could pay their workers very little for working long hours.
There would be no taxes, so the government could not provide services for the people.
In Mexico, 94.5% of its citizens can read and write. This means Mexico has a high
Exchange Rate
IQ Rate
Literacy Rate
Intelligence Rate
Country with the largest economy in Latin America.
United States
Cuba
Mexico
Brazil
This branch of government makes sure the laws are carried out.
Legislative Branch
Judicial Branch
Executive Branch
President's Branch
Cuba, Brazil, and Mexico all have this in common
All have a parliament
All have a command economy
All have a unitary government
All have a president
Which of these would not be considered a natural trade barrier?
Sierra Madre Mountains
Amazon Rainforest
Panama Canal
Atacama Desert
The United States currently taxes 25% of imported Canadian steel. This is an example of
Quota
Embargo
Tariff
Gerrymandering
The most common type of economy found in the world today
Mixed
Traditional
Command
Market
A current man-made trade barrier between the United States and Latin America
Tariff on Mexican automobiles
Quota on Brazilian oranges
The Rio Grande between the United States and Mexico
Embargo on Cuba
In Cuba, this is the only legal political party
La Republica Party
El Jefe Party
Communist Party
Capitalist Party
Which Latin American country enforces the requirement for people to vote in elections?
Mexico
Brazil
Cuba
Venezuela
Which of these could be a problem of having a 100% pure market economy?
There is too much government cheese available.
People would have difficulty enforcing property rights.
There would be no money available for anybody.
The military would have too much control.
