Latin America Government and Economics Test

Question 1

All modern countries are considered to be this type of economic system because they have characteristics of both main systems.

Answer 1

Mixed Economy

Question 2

Which economic system is similar to capitalism (supply and demand)

Answer 2

Market Economy

Question 3

Which economic system is similar to communism-where the government makes all basic decisions?

Answer 3

Command Economy

Question 4

Why does a country choose to specialize in a good?

Answer 4

They become an expert in manufacturing that good based on the natural resources available to them

Question 5

The purpose of USMCA is that all countries agree to be trading partners to increase the standard of living for all of the citizens in the United States and what two other countries?

Answer 5

Mexico
Canada

Question 6

What is the purpose of the USMCA agreement between the United States, Mexico, and Canada?

Answer 6

To make it easier for these countries to trade goods with each other and help their economies grow.

Question 7

What is a tariff?

Answer 7

It is a tax that makes a product from anther country more expensive to buy

Question 8

Which country is likely to export petroleum (oil)?

Answer 8

Mexico

Question 9

Which country is likely to export sugar?

Answer 9

Cuba

Question 10

In what economic system would you most likely find entrepreneurs?

Answer 10

Market Economy

Question 11

What is a trade barrier?

Answer 11

Ways to limit trade

Question 12

What is a free trade zone?

Answer 12

To encourage trade by removing tariffs between countries

Question 13

What is an embargo?

Answer 13

Mexico refused to trade with Iran until the war stopped.

Question 14

What is a quota?

Answer 14

Cuba enforced a limit of shoe imports from China.

Question 15

Citizens 18-70 are REQUIRED by law to vote.

Which country? Brazil, Cuba, or Mexico

Answer 15

Brazil

Question 16

It is illegal to form an opposition political party in this country.

Which country? Brazil, Cuba, or Mexico

Answer 16

Cuba

Question 17

Must be 18 years or older to vote. (Not required by law)

Which country? Brazil, Cuba, or Mexico

Answer 17

Mexico

Question 18

A single leader rules the country–may come to power by force, or by family bloodlines.

Answer 18

Autocracy

Question 19

What type of Democratic Government is it when:

The citizens elect Members of Parliament and the leader comes from the majority party in Parliament.

Answer 19

Parliamentary Democracy

Question 20

What type of Democratic Government is it when:

The president serves as BOTH head of state and head of government:

Answer 20

Presidential Democracy

Question 21

When the citizens of the country have power through voting it is called:

Answer 21

Democracy

Question 22

What type of democracy?

The leader is the Head of Government and the Head of State.

Answer 22

Presidential Democracy

Question 23

What type of democracy?

Answer 23

One leader is the head of government and another is the head of state (ceremonial leader).

Question 24

Which country has the National Assembly of People’s Power as their law making body?

Mexico, Brazil, or Cuba

Answer 24

Cuba

Question 25

Which TWO countries have Congress as their legislative body (where laws are made)? Mexico, Brazil, or Cuba

Answer 25

Mexico and Brazil,

Question 26

Which country has UNLIMITED term for their head of government (President)? Mexico, Brazil, or Cuba

Answer 26

Cuba

Question 27

Which country has ONE SIX-YEAR term for their head of government (President)? Mexico, Brazil, or Cuba

Answer 27

Mexico

Question 28

Which country has UP TO TWO FOUR-YEAR terms for their head of government (President)? Mexico, Brazil, or Cuba

Answer 28

Brazil