Worksheetsuntitled
Total questions: 25
Worksheet time: 23mins
What is a tariff and why use them?
tariff: is a tax on imported goods. We use them to give money to the country that was trading with them.
tariff: is a tax on exported goods. We use them to give money to the country that was trading with them.
What is a quota and why do we use them?
Quota: a limit on imported goods. We use them so the other country does not run out of goods.
Quota: a limit on exported goods. We use them so the other country runs out of their good
what is an embargo? what is the purpose of it?
embargo: when a country stops trading with another country. its purpose is to stop trading with another country
embargo: a tax on imported goods. its used to get more money
who was in charge before the Cuban revolution in Cuba?
fulgencio batista
raul castro
fidel castro
john f. kennedy
when did the Cuban revolution start?
late 1950s
1960
1959
1955
what is our current relationship with Cuba?
it has not changed much. we still have our embargo on them and its still hard to travel their.
i has not changed much. its dangerous to walk outside on the streets easily
In an Autocracy, the citizens have_______________ power.
Some
All
Limited
What was one major result of the Cuban Revolution of the 1950s?
The new government encouraged industrialization, leading to rapid economic growth.
The new government established a market economy, causing skilled workers to immigrate to Cuba.
The new government embraced communism, hurting relations between the United States and Cuba.
The new government imposed democratic reforms, giving its citizens new political freedoms
What long-term impact did the Cuban Revolution have on Cuba's economy?
Cuba became the fastest-growing economy in the region for several decades
Cuba became the leading exporter of sugar to the United States
Many citizens from the United States began investing in Cuba
All trade between the United States and Cuba stopped for over half a century
How is an autocracy different from a democracy?
In an autocracy, a small group of people has all of the power. In a democracy, power comes from the citizens.
In an autocracy, one person has all of the power. In a democracy, power comes from the citizens.
small group of people has all of the power.
In an autocracy, a small group of people has all of the power. In a democracy, one person has all of the power.
Which statement correctly describes the process by which a prime minister takes office in a typical parliamentary democracy?
Citizens vote for members of parliament who are responsible for selecting the prime minister
Citizens vote directly for the candidate who they wish to be prime minister
Citizens vote for the prime minister from a group of candidates selected by the monarch
Citizens do nothing and the Prime Minister puts himself in office.
Answers to Three Basic Economic Questions
1. Who Decides what to produce?
Government makes all economic decisions
2. Who decides how to produce goods and services?
Government decides how to make goods/services
3. Who are goods and services produced for?
Whomever the government decides to produce for
What country’s economic system is BEST described by the questions answered in the chart?
Brazil
Colombia
Cuba
Mexico
How is the economic system of Mexico similar to the economic system of Brazil?
Both countries depend on subsistence farming as the primary source of income.
Both countries allow consumers to dictate the prices of goods and services.
Both countries allow the government to determine what products are produced and sold.
Both countries have a combination of privately owned businesses and government owned businesses.
In the Triple Venn Diagram comparing these economies, which trait would go in the spot marked B?
mixed economy
pure market economy
pure command economy
market-leaning
command-leaning
In the Triple Venn Diagram comparing these economies, which trait would go in the spot marked C?
mixed economy
pure market economy
pure command economy
market-leaning
command-leaning
Countries sometimes set up _____________________ to restrict trade because they want to sell and produce their own goods.
trade barrriers
Store closings
BOGO's
Which is an example of specialization?
a business makes many different kinds of goods
a country buys all the goods it needs from another country and does not produce any goods themselves
a factory focuses on producing one or two goods and leaves production of other goods to other factories
a violin maker makes a violin from himself by cutting down a tree for wood
