WorksheetsGovernment & Economy in Latin America
Total questions: 45
Worksheet time: 23mins
Which best describes how the North American Free Trade Agreement encourages trade between member countries?
It sets quotation items member countries can trade.
It puts tariffs in place to slow trade with nonmember countries.
It reduces trade barriers and increases trade between member countries.
It allows member countries to decide what other countries can trade.
What is one goal of the North American Free Trade Agreement?
to remove tariffs
to create a military
to adapt a language
to make a new currency
Which form of government puts the power in a single person?
autocracy
democracy
oligarchy
confederation
Which is true about a democracy?
Leaders are elected by citizens
Citizens do not vote for their leaders
King or Queens rule autocratically in a democratic government
Laws created in a democracy are more likely to protect the parliament
Which country does not use a presidential democracy?
United States
Mexico
Brazil
Cuba
Which type of government exists in Cuba?
dictatorship
monarchy
parliamentary democracy
presidential democracy
Which statement about political parties is true about Cuba?
There are many political parties
There is only one legal political party
The leader of a political party cannot be president
Those running for office may not be in the Communist
Which country requires most adults to vote?
Brazil
Cuba
Mexico
United States
Citizens of which country are considered to have the least freedom?
Brazil
Cuba
Mexico
United States
Which pair of countries has governments that are most similar?
Brazil and Cuba
Mexico and Cuba
Brazil and Mexico
Cuba and the United States
As with any small island country, Cuba has fewer natural resources than countries such as Brazil. This affects their trade in that Cuba ____.
exports a wide variety of products because they have so few resources.
should import fewer products because they have so few resources
needs to import more products because they do not have all the resources they need
does not import or export
The economic system of communist countries is most closely related to which of the following:
command economy
market economy
traditional economy
mixed economy
The limit on how many items can be imported into a country is the ___.
demand
quota
supply
tariff
What three economic questions are asked when studying the similarities of traditional, command, market and mixed economies among nations of the world?
What to produce, why to produce, when to produce?
What is your opportunity cost, what economic resources are needed, why should these resources be used?
What to produce, how to produce, for whom to produce?
What is your opportunity cost, why are economic resources needed, when should these resources be used?
The relationship between literacy rate and standard of living in Latin America is _____.
literacy rate has not effect on the standard of living
the higher the literacy rate the higher the standard of living
the standard of living is independent of literacy rate
low literacy rate creates a higher standard of living
Economic decisions based customs and beliefs are found in a ______.
market economy
free enterprise system
traditional economy
command economy
In a command economy, economic decisions are made by the ____.
consumers
market
government
producers
In this system of government, power is only in the hands of the central government:
Unitary
Federal
Republic
In this system of government, power is shared between the central government and the local governments:
Unitary
Federal
Republic
Mexico's type of government would be a:
Parliamentary Democracy
Presidential Democracy
Constitutional Democracy
Autocracy
Brazil's type of government would be a:
Parliamentary Democracy
Presidential Democracy
Constitutional Democracy
Autocracy
The voting age in Brazil is:
16 and older can vote
17 and older can vote
18 and older can vote
19 and older can vote
The voting age in Cuba is:
16 and older can vote
17 and older can vote
18 and older can vote
19 and older can vote
The voting age in Mexico is:
16 and older can vote
17 and older can vote
18 and older can vote
19 and older can vote
Brazil has a ______ system of government.
Unitary
Federal
Confederation
Republic
Cuba has a ______ system of government.
Unitary
Federal
Confederation
Republic
Mexico has a ______ system of government.
Unitary
Federal
Confederation
Republic
In this type of economic system, decisions are based on supply and demand:
Traditional
Command
Market
Mixed
In this type of economic system, there is a level of government involvement as well as private ownership of land and materials.
Traditional
Command
Market
Mixed
Brazil's currency is known as the _____.
Peso
Real
Euro
Dollar
Cuba's currency is known as the _____.
Peso
Real
Euro
Dollar
Mexico's currency is known as the _____.
Peso
Real
Euro
Dollar
A _____ is a tax on imported goods.
Embargo
Quota
Tariff
Subsidy
A _____ is a refusal to trade with another country.
Embargo
Quota
Tariff
Subsidy
Anything that possesses value and can be used for buying goods and services is called _______.
Resource
Currency
Capital
Investment
Currency exchange is necessary because:
Not all goods cost the same price
Because countries don't all use the same type of currency
Determining the price of a good is necessary before buying the good
Currency requires capital goods in order to function
Which country has the strongest economy in Latin America?
Cuba
Mexico
Brazil
Venezuela?
An entrepreneur is:
the total dollar value of all goods and services produced by a country in one year
someone who takes risks to start a new business
someone who makes things
the percentage of adults who can read and write
Capital goods are:
the materials and labor used to create goods and services
includes the skills and knowledge of its people that support the economy
the total dollar value of all goods and services produced by a country in one year
the man-made materials that are needed to produce goods and services
Natural resources are:
the total dollar value of all goods and services produced by a country in one year
the materials that come from nature, such as land, forests, minerals, water, etc.
a physical object that is sold to make money
the man-made materials that are needed to produce goods and services
An export is:
the materials that come from nature, such as land, forests, minerals, water, etc.
a physical object that is sold to make money
a good means to send it to another country to be sold
to bring in a good from another country to sell
An import is:
the man-made materials that are needed to produce goods and services
a good means to send it to another country to be sold
to bring in a good from another country to sell
someone who makes things
GDP (Gross Domestic Product) is defined as:
(per person) the total amount of money made by a country, divided by its number of citizens
the total dollar value of all goods and services produced by a country in one year
includes the skills and knowledge of its people that support the economy
the percentage of adults who can read and write
Human capital is defined as:
someone who takes risks to start a new business
the man-made materials that are needed to produce goods and services
the skills and knowledge of its people that support the economy
the total dollar value of all goods and services produced by a country in one year
GDP per capita is defined as:
(per person) the total amount of money made by a country, divided by its number of citizens
the system of how money is made and used within a particular country or region
a good means to send it to another country to be sold
to bring in a good from another country to sell
