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Unit 5 Test Review
Test Description: Review for the Unit 5 Common Assessment
Instructions: Answer all questions to get your test result.
1) One advantage of a market economy is its ability to
A
sell goods at a high price.
B
control the price of labor.
C
adjust prices over time.
D
limit consumer choices.
2) The governments of Brazil and Mexico are all officially headed by a person with the title of
A
President
B
Dictactor
C
Monarch
D
Chancellor
3) The Cuban Revolution resulted in
A
a government that soon adopted communist ideas.
B
increased trade with the United States.
C
a more US friendly government than had existed there in the 1950s.
D
a Cold War ally with the United States.
4) Tariffs, quotas, and embargoes are examples of
A
trade barriers
B
free trade
C
currency exchange
D
trade incentives
5) Under which economic system would factors of production MOST LIKELY be owned by the government?
A
command economy
B
traditional economy
C
market economy
D
mixed economy
6) Which of these BEST describes the situation in Cuba following the Revolution of 1959?
A
Cuba became a parliamentary democracy.
B
Cuba became a communist-controlled dictatorship.
C
Cuba increased its alliance with the United States.
D
Cuba's economy prospered (improved) due to increased oil production.
7) Which country has the GREATEST degree of a command economy?
A
Cuba
B
Brazil
C
United States
D
Mexico
8) What is the BEST definition of an embargo?
A
the amount that can freely traded between countries
B
limiting the amount of an item that can come into your country
C
a tax on an item
D
the prohibiting of trade between countries
9) How does the form of government affect the role of the citizen in Cuba?
A
Cuba has a dictatorship, which allows for greater voting rights of the citizens.
B
Cuba has a dictatorship, which allows for greater voting rights of the citizens.
C
Cuba has a democracy, which limits the voting rights of the citizens.
D
Cuba has a dictatorship, which limits the voting rights of the citizens.
10) A tariff is a form of taxation on foreign products, while a quota is a _________ on imports from foreign countries.
A
decrease
B
limit
C
block
D
increase
11) A farmer in Mexico may rely on bartering goods with other farmers. What type of economic system would he/she be using?
A
market economy
B
mixed economy
C
traditional economy
D
command economy
12) Which of these is NOT an economic question?
A
How to produce?
B
What to produce?
C
For whom to produce?
D
Where to produce?
13) In which system of government does the legislature elect the executive leader of the government?
A
autocracy
B
parliamentary democracy
C
presidential democracy
D
monarchy
14) Since the Cuban Revolution, which resulted in the overthrow of General Fulgencio Batista's authoritarian regime (government), Cuba has had a
A
theocratic government
B
communist government
C
parliamentary democracy
D
presidential democracy
15) · Bay of Pigs · Fulgencio Batista · Missile Crisis · economic boycott All of these terms deal with U.S. involvement in what country's affairs?
A
United States
B
Mexico
C
Cuba
D
Brazil
*select an answer for all questions
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