Unit 5 Test Review Question Preview (ID: 49817)
Review For The Unit 5 Common Assessment.
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One advantage of a market economy is its ability to
a) adjust prices over time.
b) sell goods at a high price.
c) control the price of labor.
d) limit consumer choices.
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
The Cuban Revolution resulted in
a) a government that soon adopted communist ideas.
b) increased trade with the United States.
c) a Cold War ally with the United States.
d) a more US friendly government than had existed there in the 1950s.
Tariffs, quotas, and embargoes are examples of
a) trade incentives
b) currency exchange
c) trade barriers
d) free trade
Under which economic system would factors of production MOST LIKELY be owned by the government?
a) mixed economy
b) market economy
c) command economy
d) traditional economy
Which of these BEST describes the situation in Cuba following the Revolution of 1959?
a) Cuba became a parliamentary democracy.
b) Cuba's economy prospered (improved) due to increased oil production.
c) Cuba increased its alliance with the United States.
d) Cuba became a communist-controlled dictatorship.
Which country has the GREATEST degree of a command economy?
a) Cuba
b) Brazil
c) United States
d) Mexico
What is the BEST definition of an embargo?
a) the prohibiting of trade between countries
b) limiting the amount of an item that can come into your country
c) a tax on an item
d) the amount that can freely traded between countries
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 dictatorship, which limits the voting rights of the citizens.
d) Cuba has a democracy, which limits the voting rights of the citizens.
A tariff is a form of taxation on foreign products, while a quota is a _________ on imports from foreign countries.
a) limit
b) block
c) increase
d) decrease
A farmer in Mexico may rely on bartering goods with other farmers. What type of economic system would he/she be using?
a) traditional economy
b) mixed economy
c) command economy
d) market economy
Which of these is NOT an economic question?
a) Where to produce?
b) What to produce?
c) How to produce?
d) For whom to produce?
In which system of government does the legislature elect the executive leader of the government?
a) parliamentary democracy
b) presidential democracy
c) monarchy
d) autocracy
Since the Cuban Revolution, which resulted in the overthrow of General Fulgencio Batista's authoritarian regime (government), Cuba has had a
a) parliamentary democracy
b) presidential democracy
c) theocratic government
d) communist government
· Bay of Pigs · Fulgencio Batista · Missile Crisis · economic boycott All of these terms deal with U.S. involvement in what country's affairs?
a) Cuba
b) Mexico
c) Brazil
d) United States
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