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* Cook Unit 7 LA Gov

* Cook Unit 7 LA Governance and Economic Systems

QuestionAnswer
What type of government exists in Brazil? Presidential democracy
How is political power distributed in Brazil? Federal government
How is Brazil's government different from the U.S. government? Brazil allows 16 year olds to vote.
What type of government exists in Mexico? Presidential democracy
How is political power divided in Mexico? federal government
How is Mexico's government different from the U.S.? The President can only serve one 6 year term in Mexico but in the U.S. the President may serve two 4 year terms.
What type of government exists in Cuba? Dictatorship
How is political power distributed in Cuba? Unitary government
What is true of political parties in Cuba? There is only one legal political party.
Which country requires most adults to vote? Brazil - 18 -70 year olds are required to vote
Which two countries have governments that are most similar? Brazil and Mexico
What would be the Most important factor in deciding what job you would do if you lived in a traditional economy? the job your parents did
What types of activities are often a part of traditional economies? farming, herding livestock, hunting, and gathering
Customs and habits are most important to which economy? traditional
In which type of economic system does the government control what a factory produces and what price it will charge for those products? command
What is one problem faced by a command economy? Shortages of goods may occur if the government cannot predict what the people need.
In a command economy, who usually owns the farms and factories? the government
What is one problem that Cuba faces in using a command economy? Cuba cannot sell enough sugar in order to afford oil and natural gas.
In which economic system do consumers make economic decisions based on changes that occur between buyers and sellers. Market
How much input does the government have in a market economy? limited, the government does not set prices, sets quotas for production, nor gives direction about which crops should be grown.
What is one problem of a market economy? Prices for goods can get high very quickly if demand goes up but supply does not change.
What is one characteristic of the economic system in Mexico? Individuals and corporations own most of the businesses in the country.
Which country has a pure command economy? NONE NONE NONE - There are no pure economies.
Which country has a pure market economy? NONE NONE NONE - There are no pure economies.
Why are there no pure command or market economies? All modern economies have characteristics from both economy systems - command and market.
How would you describe Brazil's economic system? Brazil is mostly a market economy, but the government does control some businesses.
What is a blend of command economy and a market economy called? a mixed economy
When the following countries are listed as follows: Command Cuba Venezuela Brazil Canada Market Which country has the economic system closest to a pure market economy? Canada
In which country Cuba or Brazil do buyers and sellers come to the agreement on prices in order to trade? Brazil
When a factory focuses on producing one or two types of goods and leaves the production of other goods to other factories is an example of what economic concept? Specialization
What is an advantage of specialization? A factory can produce more goods in less time and for less money
What type of trade barrier involves adding a special tax on imported goods? tariff
When a country puts a limit on the number of cars that can be imported from other countries it is called what? quota
What could keep an embargo against a country from being successful? The country could find another trading partner.
What is the main purpose of NAFTA? increase trade by creating a large free-trade zone
What is one issue related to NAFTA? increase in pollution in Mexico and the southwest U.S.
Why did some Americans fear NAFTA? They feared American factory workers would lose jobs.
What does NAFTA stand for? North America Free Trade Agreement
What is the money used in a country called? Currency
Why do people exchange currency? to buy and sell goods and services with other countries.
What is one example of investment in human capital? education
Why is it important for a country to invest in human capital? businesses are more successful when workers have good training and health care. The GDP increases.
A country's standard of living is an example of what type of capital? Human capital
A high literacy rate indicates what about the country? A high literacy rate most likely indicates a high standard of living.
Constructing a new factory is investing in what type of capital? physical
How does investment in capital increase a country's GDP? More goods may be produced at a better price and increase profits.
Which is an example of a natural resource? cars, education, furnaces, natural gas natural gas
How does having natural resources help the economy? The country saves money because it does not have to import natural resources needed by the people.
Which natural resources are the abundant in Latin America? forests,water, and oil
What are entrepreneurs? people who risk their own resources to start a business
In which country is it nearly impossible to be an entrepreneur? Canada Chile Cuba U.S. Cuba
How do entrepreneurs help increase the GDP? creating businesses that give people jobs
What are three types of resources? Human, capital, and natural
Soil and water are a type of which resource? natural
Employees that are healthy are an example of which type of resource? Human
Machines, tools, and buildings are what type of resource? capital
People who graduate from High School are an example of which resource? Human
What was the capital of the Aztec empire? tenochtitlan
Constructing a new factory is investing in what type of capital? physical
How does investment in capital increase a country's GDP? More goods may be produced at a better price and increase profits.
Which is an example of a natural resource? cars, education, furnaces, natural gas natural gas
How does having natural resources help the economy? The country saves money because it does not have to import natural resources needed by the people.
Which natural resources are the abundant in Latin America? forests,water, and oil
What are entrepreneurs? people who risk their own resources to start a business
In which country is it nearly impossible to be an entrepreneur? Canada Chile Cuba U.S. Cuba
How do entrepreneurs help increase the GDP? creating businesses that give people jobs
What are three types of resources? Human, capital, and natural
Soil and water are a type of which resource? natural
Employees that are healthy are an example of which type of resource? Human
Machines, tools, and buildings are what type of resource? capital
People who graduate from High School are an example of which resource? Human
What was the capital of the Aztec empire? tenochtitlan
Constructing a new factory is investing in what type of capital? physical
How does investment in capital increase a country's GDP? More goods may be produced at a better price and increase profits.
Which is an example of a natural resource? cars, education, furnaces, natural gas natural gas
How does having natural resources help the economy? The country saves money because it does not have to import natural resources needed by the people.
Which natural resources are the abundant in Latin America? forests,water, and oil
What are entrepreneurs? people who risk their own resources to start a business
In which country is it nearly impossible to be an entrepreneur? Canada Chile Cuba U.S. Cuba
How do entrepreneurs help increase the GDP? creating businesses that give people jobs
What are three types of resources? Human, capital, and natural
Soil and water are a type of which resource? natural
Employees that are healthy are an example of which type of resource? Human
Machines, tools, and buildings are what type of resource? capital
People who graduate from High School are an example of which resource? Human
What was the capital of the Aztec empire? tenochtitlan
Constructing a new factory is investing in what type of capital? physical
How does investment in capital increase a country's GDP? More goods may be produced at a better price and increase profits.
Which is an example of a natural resource? cars, education, furnaces, natural gas natural gas
How does having natural resources help the economy? The country saves money because it does not have to import natural resources needed by the people.
Which natural resources are the abundant in Latin America? forests,water, and oil
What are entrepreneurs? people who risk their own resources to start a business
In which country is it nearly impossible to be an entrepreneur? Canada Chile Cuba U.S. Cuba
How do entrepreneurs help increase the GDP? creating businesses that give people jobs
What are three types of resources? Human, capital, and natural
Soil and water are a type of which resource? natural
Employees that are healthy are an example of which type of resource? Human
Machines, tools, and buildings are what type of resource? capital
People who graduate from High School are an example of which resource? Human
What was the capital of the Aztec empire? Tenochtitlan
Created by: kcook