Natural Resources, Population, And Environmental Issues Of Latin America Question Preview (ID: 46335)
Social Studies.
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By investing in capital resources a country _____________
a) will experience opportunity costs and lower their GDP.
b) will see no change in their GDP.
c) will see a decrease in their level of human resources
d) will increase their GDP.
How could Cuba's economy become more like Brazil's
a) Increasing incentives to trade
b) Decreasing personal income tax rates
c) Decreasing government involvement in key industries
d) Increasing per capita income by not allowing a free market
How does investment in capital resources by companies help a country increase its GDP?
a) Companies spend more on capital resources, they pay higher taxes.
b) Companies are able to send work to foreign countries where labor is cheaper.
c) Companies that invest in capital are able to create more entrepreneurs.
d) Companies buy machines that produce more goods at a lower price so their profits are higher.
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 creates a 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
An increased investment in human resources through education should have what effect on a country?
a) An increase in unemployment
b) More machinery will be available for use
c) A decrease in productivity
d) An eventual increase in GDP
Judie bakes cakes for all of her friend's special events. One day Judie decided to open up her own bakery and sell her cakes to the public. Judie is an example of a/an ________
a) trade surplus
b) entrepreneur
c) gross domestic product
d) opportunity cost
Which would be the best indication that a countries standard of living was improving?
a) higher literacy rates
b) increased population
c) less international trade
d) saving of the rainforest
How does the North American Free Trade Agreement (NAFTA) benefit the economies of its member countries?
a) By setting trade prices for these countries
b) By establishing trade tariffs in these countries
c) By removing barriers to trade between these countries
d) By identifying the products to trade among these countries
Which BEST describes how Brazil’s government is involved in its economy?
a) The government strictly regulates and controls all Brazilian businesses.
b) The government pays for the startup of businesses, so there is no need for entrepreneurs in Brazil.
c) People in Brazil start and run businesses with limited government involvement.
d) Businesses in Brazil pay no taxes to the government, so there are many entrepreneurs.
What type of government exist in Brazil?
a) Communist
b) Constitutional Monarchy
c) Presidential Democracy
d) Parliamentary Democracy
Which term best describes how the political power is distributed in Mexico?
a) Fedreal - shared between central and state governments
b) Unitary - central government has all of the power
c) Confederation - state governments have all of the power
d) Monarchy - King with all power
What type of government does Cuba have?
a) constitutional monarchy
b) communist
c) presidential democracy
d) parliamentary democracy
Which pair of countries have governments that are most similar?
a) Brazil and Cuba
b) Brazil and Mexico
c) Mexico and Bolivia
d) Cuba and the United States
Which country has the strictest voting laws?
a) Cuba
b) Brazil 18 - 70 for age and mandatory voting
c) Mexico
d) United States
Which of the following is an example of specialization?
a) A business makes different types of goods.
b) A country buys all the goods it needs from other countries and does not produce any of its own.
c) A factory focuses on making one or two types of goods and leaves the production of other goods to other factories.
d) A violin maker completes the process of making a violin from cutting a tree for wood to producing his own strings.
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