* Cook Unit 7 LA Governance and Economic Systems
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each of the black spaces below before clicking
on it to display the answer.
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| What type of government exists in Brazil? | Presidential democracy
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| How is political power distributed in Brazil? | Federal government
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| How is Brazil's government different from the U.S. government? | Brazil allows 16 year olds to vote.
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| What type of government exists in Mexico? | Presidential democracy
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| How is political power divided in Mexico? | federal government
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| 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.
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| What type of government exists in Cuba? | Dictatorship
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| How is political power distributed in Cuba? | Unitary government
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| What is true of political parties in Cuba? | There is only one legal political party.
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| Which country requires most adults to vote? | Brazil - 18 -70 year olds are required to vote
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| Which two countries have governments that are most similar? | Brazil and Mexico
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| 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
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| What types of activities are often a part of traditional economies? | farming, herding livestock, hunting, and gathering
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| Customs and habits are most important to which economy? | traditional
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| In which type of economic system does the government control what a factory produces and what price it will charge for those products? | command
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| What is one problem faced by a command economy? | Shortages of goods may occur if the government cannot predict what the people need.
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| In a command economy, who usually owns the farms and factories? | the government
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| 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.
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| In which economic system do consumers make economic decisions based on changes that occur between buyers and sellers. | Market
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| 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.
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| 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.
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| What is one characteristic of the economic system in Mexico? | Individuals and corporations own most of the businesses in the country.
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| Which country has a pure command economy? | NONE NONE NONE - There are no pure economies.
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| Which country has a pure market economy? | NONE NONE NONE - There are no pure economies.
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| Why are there no pure command or market economies? | All modern economies have characteristics from both economy systems - command and market.
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| How would you describe Brazil's economic system? | Brazil is mostly a market economy, but the government does control some businesses.
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| What is a blend of command economy and a market economy called? | a mixed economy
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| 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
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| In which country Cuba or Brazil do buyers and sellers come to the agreement on prices in order to trade? | Brazil
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| 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
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| What is an advantage of specialization? | A factory can produce more goods in less time and for less money
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| What type of trade barrier involves adding a special tax on imported goods? | tariff
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| When a country puts a limit on the number of cars that can be imported from other countries it is called what? | quota
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| What could keep an embargo against a country from being successful? | The country could find another trading partner.
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| What is the main purpose of NAFTA? | increase trade by creating a large free-trade zone
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| What is one issue related to NAFTA? | increase in pollution in Mexico and the southwest U.S.
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| Why did some Americans fear NAFTA? | They feared American factory workers would lose jobs.
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| What does NAFTA stand for? | North America Free Trade Agreement
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| What is the money used in a country called? | Currency
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| Why do people exchange currency? | to buy and sell goods and services with other countries.
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| What is one example of investment in human capital? | education
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| 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.
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| A country's standard of living is an example of what type of capital? | Human capital
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| A high literacy rate indicates what about the country? | A high literacy rate most likely indicates a high standard of living.
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| Constructing a new factory is investing in what type of capital? | physical
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| How does investment in capital increase a country's GDP? | More goods may be produced at a better price and increase profits.
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| Which is an example of a natural resource? cars, education, furnaces, natural gas | natural gas
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| 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.
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| Which natural resources are the abundant in Latin America? | forests,water, and oil
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| What are entrepreneurs? | people who risk their own resources to start a business
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| In which country is it nearly impossible to be an entrepreneur? Canada Chile Cuba U.S. | Cuba
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| How do entrepreneurs help increase the GDP? | creating businesses that give people jobs
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| What are three types of resources? | Human, capital, and natural
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| Soil and water are a type of which resource? | natural
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| Employees that are healthy are an example of which type of resource? | Human
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| Machines, tools, and buildings are what type of resource? | capital
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| People who graduate from High School are an example of which resource? | Human
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| What was the capital of the Aztec empire? | tenochtitlan
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| Constructing a new factory is investing in what type of capital? | physical
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| How does investment in capital increase a country's GDP? | More goods may be produced at a better price and increase profits.
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| Which is an example of a natural resource? cars, education, furnaces, natural gas | natural gas
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| 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.
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| Which natural resources are the abundant in Latin America? | forests,water, and oil
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| What are entrepreneurs? | people who risk their own resources to start a business
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| In which country is it nearly impossible to be an entrepreneur? Canada Chile Cuba U.S. | Cuba
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| How do entrepreneurs help increase the GDP? | creating businesses that give people jobs
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| What are three types of resources? | Human, capital, and natural
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| Soil and water are a type of which resource? | natural
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| Employees that are healthy are an example of which type of resource? | Human
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| Machines, tools, and buildings are what type of resource? | capital
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| People who graduate from High School are an example of which resource? | Human
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| What was the capital of the Aztec empire? | tenochtitlan
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| Constructing a new factory is investing in what type of capital? | physical
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| How does investment in capital increase a country's GDP? | More goods may be produced at a better price and increase profits.
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| Which is an example of a natural resource? cars, education, furnaces, natural gas | natural gas
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| 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.
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| Which natural resources are the abundant in Latin America? | forests,water, and oil
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| What are entrepreneurs? | people who risk their own resources to start a business
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| In which country is it nearly impossible to be an entrepreneur? Canada Chile Cuba U.S. | Cuba
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| How do entrepreneurs help increase the GDP? | creating businesses that give people jobs
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| What are three types of resources? | Human, capital, and natural
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| Soil and water are a type of which resource? | natural
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| Employees that are healthy are an example of which type of resource? | Human
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| Machines, tools, and buildings are what type of resource? | capital
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| People who graduate from High School are an example of which resource? | Human
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| What was the capital of the Aztec empire? | tenochtitlan
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| Constructing a new factory is investing in what type of capital? | physical
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| How does investment in capital increase a country's GDP? | More goods may be produced at a better price and increase profits.
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| Which is an example of a natural resource? cars, education, furnaces, natural gas | natural gas
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| 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.
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| Which natural resources are the abundant in Latin America? | forests,water, and oil
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| What are entrepreneurs? | people who risk their own resources to start a business
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| In which country is it nearly impossible to be an entrepreneur? Canada Chile Cuba U.S. | Cuba
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| How do entrepreneurs help increase the GDP? | creating businesses that give people jobs
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| What are three types of resources? | Human, capital, and natural
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| Soil and water are a type of which resource? | natural
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| Employees that are healthy are an example of which type of resource? | Human
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| Machines, tools, and buildings are what type of resource? | capital
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| People who graduate from High School are an example of which resource? | Human
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| What was the capital of the Aztec empire? | Tenochtitlan
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