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LA Gov/Econ

Latin America Government and Economics Unit Review Cards

QuestionAnswer
What type of government had a head of state and head of government that are two different people (one is a Prime Minister)? parliamentary
Who makes the economic decisions in a command economy? government
What type of power structure and government can be found in Cuba? autocracy and communist
How are Brazil and Mexico's governments similar? Both have presidential democracy
What economic system can be found in Cuba? Command
What are the three questions all economic systems answer? what to produce, how to produce and for whom to produce
The indigenous people of Latin America would have what type of economic system? traditional
What type of economics system is a combination of privately owned business and government control? mixed
What type of economic system do both Brazil and Mexico have? mixed
A mountain is what type of trade barrier? physical
What is NAFTA? A trade agreement that allows the US, Canada and Mexico to trade without tariffs
Investment in human capital does what to the GDP of a country? increases it
What is another name for a tax on an IMPORTED good? tariff
What type of trade barriers could keep dangerous goods from being traded? embargo or blockade
Having one main export or good for trade is called what? specialization
Investment in capital goods has what affect on GDP? increases it
Name one group that supports NAFTA American business owners, consumers, Mexican government, Mexican factory workers (somewhat), American farmers
Name one group that does not support NAFTA American factory workers, Mexican subsistence farmers, environmentalist
What is the title of the head of government in Mexico and Brazil? President
What is the difference between an autocracy and democracy? Citizens have rights and choose their leaders in a democracy, but citizens do not have rights in an autocracy
What is the difference between a presidential and parliamentary democracy? Citizens elect the head of government directly in presidential, but the members of the parliament choose the head of government in a parliamentary.
What is human capital? people and their training or education
what are capital goods? tools, factories, technologies used to make a product
 



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