Latin America Review Game

How does specialization encourage trade between two countries? A. Specialization produces such an abundance of one product that the country is forced to trade it. B. Specialization allows for countries to master one product and sell it to other countries that may need it. C. Specialization creates a diversity of products in one country and very few products in others. D. Specialization utilizes different natural resources that are shared between multiple countries.

Answer B. Specialization allows for countries to master one product and sell it to other countries that may need it.

Why would one country place an embargo on another? A. Political differences B. Lack of natural resources C. Lack of transportation D. Distance

Answer Political Differences

Under which economic system does the government make almost all of the economic decisions such as what, how and for whom to produce? A. Command B Market C. Traditional D. Capitalist

Answer A. Command

The primary difference between presidential and parliamentary governmental systems is that in a parliamentary system the chief executive is chosen by the A. Courts B. President C. People D. Legislature

Answer D. Legislature

Embargos are different than tariffs and quotas mainly because they A. Complete eliminate trade between countries B. Are used before any other trade barrier is tried C. Increase taxes on imports rather than exports D. are only used by Asian countries

Answer A. Completely eliminate trade between countries

A leading cause of deforestation in the Amazon rainforest is A. Mining B. Air pollution C. Cattle pollution D. Tribal conflicts

Answer C. Cattle Pollution

Which is a major environmental concern facing Mexico City? A. Destruction of the rainforest B. Oil related pollution C. Extraction of natural resources D. Air pollution

Answer D. Air Pollution

How does the federal-republican system of Brazil compare to the dicatorship of Cuba? A. Brazil’s leader is elected by a parliament and Cuba holds NO elections at all. B. Cuba has no executive branch and Brazil has a very strong executive branch C. Brazil’s leaders are generally elected by a pure popular vote while Cuba’s people have NO REAL VOTING POWER D. Brazil’s legislature holds far less power than Cuba’s legislature

Answer C. Brazil’s leaders are generally elected by a pure popular vote while Cuba’s people have NO REAL VOTING POWER

What are the 3 basic economic questions that all economic systems must answer? A. What to produce, how to produce it, and for whom to produce the goods B. When to produce, why to produce, and how long to produce C. To what extent to produce, how much to produce and why to produce D. What to produce, why to produce and how much to produce

Answer A. What to produce, how to produce it, and for whom to produce the goods

Use the following to answer question #20 _A_____________________________B__ Pure Command Pure Market _C_________________________________________D__ Pure Command Pure Traditional A. At point A B. At point B C. Between points A and B D. Between points C and D

Answer C. Between points A and B

Which describes entrepreneurship? A. The physical talents of people to build things B. Putting together productive resources to produce a good or service C. Machines, tools, and devices used for production D. The ability to harvest and use natural resources

Answer B. Putting together productive resources to produce a good or service

A leading cause of deforestation in the Amazon rainforest is A. Mining B. Air pollution C. Cattle pollution D. Tribal conflicts

Answer C. Cattle pollution

Which of the following explanations would reflect a country with a mixed economy? A. Prices and wages are solely regulated by a country’s government B. A combination of privately-owned industry and government control C. A country’s distribution of resources is based on inheritance D. Prices and wages are determined by the laws of supply and demand rather than being regulated by a country’s government

Answer B. A combination of privately-owned industry and government control.

Which trade barrier discourages trade by placing a tax on foreign goods? A. Embargo B. Quota C. Subsidy D. Tariff

Since nations in Latin America and Europe use different currencies, what is necessary for them to be able to trade? A. Computers, because all trade is done electronically B. Maps, so they can find each other C. A system of determining how much goods are worth in each nation’s currency D. U.S. Dollars, that way everything will be calculated the same way

Answer C. A system of determining how much goods are worth in each nation’s currency

Which describes how most countries around the world answer basic economic questions? A. A mixture of command and market economies. B. Most countries are pure market economies. C. Most countries are pure command economies. D. A mixture of traditional and market economies.

Answer A. A mixture of command market economies.

Which is most likely to be a consequence of oil pollution in Venezuela? A. GDP in South America increases B. Other productive resources are put in danger C. Venezuela stops selling oil to the world D. More people move to Venezuela to correct the problem

Answer B. Other productive resources are put in danger

A. Zapatistas B. FARC C. Aztecs D. Aborigines Which Mexican group is known for using modern technology and guerilla tactics to promote their opposition to the current government? A. Zapatistas B. FARC C. Aztecs D. Aborigines

Answer A. Zapatistas

In which form of government does the central government hold the most power? A. Confederation B. Federal C. Democracy D. Unitary

Answer D. Unitary

Which describes a long term impact of the Cuban Revolution? A. Cuba no longer relied on agriculture as an important piece of the economy B. The citizens had more freedom to make economic decisions C. Trade with the United States greatly expanded D. The new government took control of most of the countries resources

Answer D. The new government took control of most of the countries resources

One outcome of the techniques used by the Zapatistas in Mexico has been A. Increased support from the Mexican government B. Decreased support from Mexican citizens C. Increased support of the Zapatistas in poor areas of Mexico D. Decreased recognition around the world

Answer C. Increased support of the Zapatistas in poor areas of Mexico

Which describes a long term impact of the Cuban revolution? A. The Revolution expanded into Europe B. Citizens in Cuba had more freedoms and rights C. It led to increased conflict with the United States D. More countries in the region formed similar types of governments

Answer C. It increased conflict with the United States

NAFTA is an example of which pattern of behavior among or between countries? A. Imposing trade tariffs B. Settling disputes C. Forming trade agreements D. Establishing trade quotas

Answer C. Forming trade agreements

In which form of government is power controlled by a select few individuals rather than the citizens A. Autocracy B. Oligarchy C. Monarchy D. Democracy

Answer B. Oligarchy

A. Haiti’s low investment in human capital lowers the GDP per capita The literacy rate for the region of Latin America is 90%. In the country of Haiti, the literacy rate is 51%. Which statement best reflects these facts of economic growth in Haiti? A. Haiti’s low investment in human capital lowers the GDP per capita B. Haiti has greater opportunity for other capital investments than education C. Haiti’s GDP per capita would decrease if there was more investment in human capital D. Haiti’s high investment in human capital lowers the GDP per capita

Answer A. Haiti’s lower investment in human capital lowers the GDP per capita

Biodiversity refers to A. The loss of animals and plants B. A variety or many different kinds of living things C. When animals lose their living space or habitat D. An increase in earth’s temperature

Answer B. A variety, or many different kinds of living things

Which describes a government that distributes power under a unitary system? A. There is a central authority that makes all major decisions B. The citizens of the country elect leaders at multiple levels that make decisions C. A group of separate countries or regions agree to join together for specific purposes D. Two or more countries form an alliance to make decisions

Answer A. There is a central authority that makes all major decisions

Which compares to an autocratic to a democratic government A. Citizens can participate more in a democratic governments B. The government has less power in autocratic governments C. Citizens can participate more in autocratic governments D. Autocratic and democratic governments are the same

Answer A. Citizens can participate more in democratic governments

Jose is an auto mechanic in a near by larger town Jose is an auto mechanic in a near by larger town. He has decided his own small town needs its own car repair shop. Jose bought the building and opened his shop. Jose is an example of A. Trade surplus B. Entrepreneur C. Gross Domestic Product D. Opportunity Costs

Answer B. Entrepreneur

Brazil is building new factories and using newer technology Brazil is building new factories and using newer technology. These are examples of A. Opportunity costs B. Gross Domestic Product C. Investment in human capital D. Investment in capital goods

Answer D. Investment in capital goods

A. Confederal B. Unitary C. Federal D. Anti-Federal The government in country X has multiple levels and each level is in charge of certain responsibilities. Power is spread out somewhat evenly through the levels. Based on this information, the government in country X is MOST LIKELY A. Confederal B. Unitary C. Federal D. Anti-Federal

Answer C. Federal