Latin America Flashcards
What is Mexico’s most valuable resource?
Oil
What are the 3 economic questions that every country must answer?
What to produce, How to produce, and for whom to produce
What type of economic system do most democratic countries have?
Mixed
In a free market economy, what do private citizens and businesses base their economic decisions on?
Supply and demand of the marketplace
What type of government does Mexico have?
Presidential Democracy
What economic system does Cuba have?
Command
What was the War on Drugs?
US government’s attempt to stop illegal drug trade by going after the suppliers in Latin America
What does the term poverty mean?
It is the state of being extremely poor and not being able to meet basic needs.
What type of economic system does Brazil have?
Mixed
What does bicameral mean?
Having 2 branches or chambers
Fidel Castro was what type of leader?
Dictator
A presidential democracy is used in which country? Australia Canada Mexico United Kingdom
Mexico
Which country requires most adults to vote? Cuba Brazil Mexico United States
Brazil
What is scarcity?
Limited supply of something
What is Gross Domestic Product (GDP)?
The total value of all goods and services produced in a country in one year
There are 4 factors that determine a country’s GDP for the year, name 1?
Natural resources
Human capital
Capital goods
Entrepreneurship
What is the most populated city in Mexico?
Mexico City
Which mountains in Mexico surround the city and trap in polluted air?
Sierra Madre Mountains
What is deforestation?
Cutting down a widespread of trees
Describe northern Mexico’s climate?
Hot and dry with little rainfall
Why do many Mexicans live in Mexico City and the surrounding area?
Because of the jobs available in factories
To which country does Mexico send most of its exports?
The United States
What is Cuba’s most important export?
Sugarcane
Cuba and the United States do not trade, why?
The Embargo Act
Where is the Amazon River and Amazon Rain forest located?
Brazil
What is the largest country in Latin America?
Brazil
What type of economic system does Mexico have?
Mixed
What type of government does Cuba have?
Autocratic Dictatorship
What does unicameral mean?
Having 1 branch or chamber
Who did Fidel Castro overthrow to become the leader of Cuba?
Batista
A traditional economic system is based on what?
Customs and beliefs of the past
Type of government where one person has complete control? Democracy Autocracy Oligarchy Unitary
Autocracy
What form of government allows its citizens to vote? Democracy Autocracy Oligarchy Unitary
Democracy
What is Human Capital?
Knowledge, skills and relative health of a nation’s labor force
The illegal smuggling of products, usually weapons or drugs? Trafficking Smuggling Migration Black Market
Trafficking
What is the cartel?
Corrupt government officials
Group that helps others migrate to another country
The Andean farmers who grow and produce illegal drugs
Group that dominates the trade of specific product or service
Group that dominates the trade of specific product or service
What are the three economic systems?
Traditional, Market and Command
What answers the three economic questions in a traditional economy?
Consumers
Government
Community traditions
Community traditions
Who answers the three economic questions in a command economy?
Consumers
Government
Community traditions
Government
Who answers the three economic questions in a market economy?
Consumers/businesses
Government
Community traditions
Consumers/businesses
What is a tariff?
A limit on imported goods
A ban on imported goods
A tax on imported goods
Tax on imported goods
What is an embargo?
A limit on imported goods
A ban on imported goods
A tax on imported goods
A ban on imported goods
What is a quota?
A limit on imported goods
A ban on imported goods
A tax on imported goods
A limit on imported goods
What does the letter N-A-F-T-A stand for in NAFTA?
North America Free Trade Agreement
What is NAFTA?
An agreement between Canada, Mexico & US that stops trade between them
An agreement between Canada, Mexico & US that limits trade between them
An agreement between Canada, Mexico & US that lets them freely trade with each other without taxes
An agreement between Canada, Mexico & US that lets them freely trade with each other without taxes
How does a high literacy rate help a country?
Increases the amount of money a country can make
Decrease the amount of money a country can make
It does not affect how much a country can make
Increases the amount of money a country can make
The world gets about 20% of what resource from the Amazon Rain forest? Medicine Rubber Oxygen Soybean
Oxygen
What is the main source of air pollution in Mexico?
Cars and factories
Mexico does not have an abundance of farmland because the climate is?
Too cold
Too dry
Too wet
Too dry
What natural resource is an important export of Brazil?
Iron Ore
Most people in Latin America live in what areas? Rural Urban Forest None of these
Urban
True or False, Mexico has much arable land?
False
Which pair of countries have governments that are most similar? Brazil and Cuba Brazil and Mexico Mexico and Cuba Cuba and the US
Brazil and Mexico
Which term describes how political power is distributed in Cuba? Aristocratic Government Federal Government Confederation Government Unitary Government
Unitary Government
