Latin America

1. Latin America Review Game

2. 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.

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

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

5. Answer • Political Differences

6. 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

7. Answer • A. Command

8. 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

9. Answer • D. Legislature

10. 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

11. Answer • A. Completely eliminate trade between countries

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

13. Answer • C. Cattle Pollution

14. 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

15. Answer • D. Air Pollution

16. 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

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

18. 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

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

20. Use the following to answer question #20 • _A_____________________________B__ • Pure CommandPure 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

21. Answer • C. Between points A and B

22. 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

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

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

25. Answer • C. Cattle pollution

26. 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

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

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

29. 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

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

31. 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.

32. Answer • A. A mixture of command market economies.

33. 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

34. Answer • B. Other productive resources are put in danger

35. 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

36. Answer • A. Zapatistas

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

38. Answer • D. Unitary

39. 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

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

41. 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

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

43. 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

44. Answer • C. It increased conflict with the United States

45. 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

46. Answer • C. Forming trade agreements

47. 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

48. Answer • B. Oligarchy

49. 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

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