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WorksheetsUnit SS6E1: Latin America Economics Understanding
Total questions: 12
Worksheet time: 6mins
Which of the following is NOT a trade barrier?
Physical Trade Barrier
Tariff
Embargo
Quota
a human doing absolutely nothing
Does the countries have the same money types? (Use what you have learned)
YES
NO
Yes in the EU
No for currency rate
What does arable mean?
Land that can be farm
Land that is nice
Land that the people can live in
Land that we cut down
What is tariff?
An economic term in which exported products are taxed
An economic term in which a country refuses to trade with the other
An economic term in which imported products are taxed
An economic term which is what a tariff means
Which economy is weaker?
Brazil
Cuba
Which of the following countries have more arable land?
Brazil
Cuba
Mexico
Venezuela
What if Venezuela runs out of oil?
It will never run out
Venezuela will go bankrupt
Venezuela will have to find an another natural resource to make money or else it will go bankrupt
then ALL of the nations will help Venezuela
Are all of the countries mixed?
YES
NO
No because of Cuba
No because of Australia
Which country has a GDP per capita of 9,821 USD dollars? (Tricky)
Brazil
Venezuela
Cuba
Mexico
All of the goods and services produced within a country in 1 year. Measures a country’s economy.
Currency Exchange
Gross Domestic Product
Literacy Rate
Specialization
Why is the Cuban economy weak now? Choose all that applies.
The US has placed an embargo on Cuba, making it weak
The former USSR has fallen
USSR was Cuba’s biggest trade partner. When it collapsed, Cuba’s economy has possibly went into a recession
Fidel Castro decided to trade with USSR, which was a bad idea.
Cuba has no Walmart
The following economic questions MUST be answered:
Who will produce it, what will produce it, and why do we produce it?
What will be produced, how will it be produced, and who will trash it?
What will be produced, why will it be produced, and who will consume it?
What will be produced, how will it be produced, and who consumes it?
