Latin America Economics 6th Grade Question Preview (ID: 40984)

a) separates

b) links

c) destroys

d) damages

a) The can trade what they produce for things the don't produce.

b) They can buy what they specialize in.

c) They can sell what others specialize in.

d) They can import what they specialize in.

a) competition

b) guaranteed yearly pay raises

c) government control of industry

d) government control of agriculture

a) saving the rainforest

b) increased pollution

c) higher literacy rates

d) less international trade

a) mixed

b) command

c) market

d) traditional

a) improve schools

b) provide better health care

c) invest in capital goods

d) build highways

a) computers

b) cars

c) man made

d) from nature

a) Haiti's low investment in human capital lowers the GDP.

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.

a) increase prices of imported goods and protect a country's own industries from foreign competition

b) to decrease the prices of imported goods so a country's people can buy what they need for the lowest price

c) to increase the prices of exported goods so a country's own businesses are less likely to send their products to other nation

d) to decrease the prices of exported goods so people in other countries will buy the foreign nation's product over the USA's

a) Specialization produces such an abundance of one product that a country is forced to trade.

b) Specialization creates diversity of products in one country and very few products in others

c) Specialization utilizes different natural resources that are shared between multiple countries

d) Specialization allows for countries to master one product and sell it to other countries that may need it.