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* Cook Unit 7 LA Gov
* Cook Unit 7 LA Governance and Economic Systems
| Question | Answer |
|---|---|
| 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
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