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Unit 9 Assessment
Economics and Government
| Question | Answer |
|---|---|
| You live in a small country ruled by one man, who is also the head of the military. . People who criticize or protest against the government are jailed or executed. Which form of government do you have? | autocratic |
| Which type of government generally aligns with a command economy? | communist |
| Which Latin American country listed below has a command economy? | Cuba |
| Which country does Cuba NOT trade with? | United States |
| Which of the following would be an investment in human capital? | Training and education |
| The countries of Latin America use a variety of currencies, or types of money. Why is it important to have a system in place for exchanging currencies? | It allows countries to trade with each other |
| Entrepreneurs have a major impact on the economies of Latin America. What role do entrepreneurs play in a country’s economy? | Entrepreneurs start their own businesses |
| The North American Free Trade Agreement (NAFTA) was signed in the early 1990’s. What is the purpose of NAFTA? | D. To eliminate trade barriers between Canada, Mexico, and the United States |
| Mexico and Brazil have market economies. Which of the following is true of a market economy? | Companies produce goods and consumers decide what to purchase |
| South American countries now have more diversified economies than they did in the past. Many foreign companies have made investments in the mining and petrochemical industries. These are examples of | Investments in capital goods |
| The relationship between the literacy rate and standard of living in Latin America is | A higher literacy rate produces a higher standard of living |
| Which of the following sentences describes a country with a mixed economy? | There is a combination of privately-owned industry and government control |
| Fidel Castro took power as dictator over Cuba and made it communist in 1959 after leading the Cuban Revolution. Under this government system, only one political party was in control and only one person, Castro, made all decisions for the citizens. | Unitary |
| Since its 1988 constitution, Brazil has divided its country into twenty-six states and a central government district. The states are then broken into over 5,500 municipalities, which are like counties. | Federal |
| Costa Rica is a peaceful, democratic republic where power is only given by the central government. The seven provinces have leaders, but the laws and taxes of the central government have full control over the regional division. | Unitary |
| Mexico has a central government based in its capital, Mexico City, and thirty-one states that also have their own state governments. Citizens vote for their representatives on three government levels: the central, state, and municipal governments. | Federal |
| The European Union is an economic and political union of twenty-seven independent countries; free trade market where all member states are guaranteed freedom of movement of people, goods, services. This is an example of a ___________________. | Confederation |
| For only three years beginning in 1836, the countries of Bolivia, North Peru, and South Peru attempted a government system in which the three countries created a loose union that shared power as well as ruled themselves. | Confederation |
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