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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.
B.
C.
D.
Political differences
Lack of natural resources
Lack of transportation
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.
B.
C.
D.
Courts
President
People
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.
B.
C.
D.
Mining
Air pollution
Cattle pollution
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
• A.
• B.
• C.
• D.
Pure Traditional
At point A
At point B
Between points A and B
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.
B.
C.
D.
Mining
Air pollution
Cattle pollution
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 privatelyowned industry and government
control.
Which trade barrier
discourages trade by
placing a tax on foreign
goods?
•
•
•
•
A.
B.
C.
D.
Embargo
Quota
Subsidy
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
Which Mexican group is known for
using modern technology and guerilla
tactics to promote their opposition to
the current government?
•
•
•
•
A.
B.
C.
D.
Zapatistas
FARC
Aztecs
Aborigines
Answer
• A. Zapatistas
In which form of
government does the
central government hold
the most power?
•
•
•
•
A.
B.
C.
D.
Confederation
Federal
Democracy
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.
B.
C.
D.
Imposing trade tariffs
Settling disputes
Forming trade agreements
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.
B.
C.
D.
Autocracy
Oligarchy
Monarchy
Democracy
Answer
• B. Oligarchy
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. 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. These are
examples of
•
•
•
•
A.
B.
C.
D.
Opportunity costs
Gross Domestic Product
Investment in human capital
Investment in capital goods
Answer
• D. Investment in capital goods
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.
B.
C.
D.
Confederal
Unitary
Federal
Anti-Federal
Answer
• C. Federal