Have an account?
Skip to Content
Build your own quiz
Suggestions for you
31 questions
Show Answers
See Preview
- 1. Multiple ChoiceWho chooses the leader in a parliamentary democracy?citizensmonarchylaw-making bodychancellor
- 2. Multiple Choice
Twice a year, Chick fil a restaurants send employees to a special school in Orlando to take classes in management. This is an example of investing in...
entrepreneur
healthcare
human capital
capital goods
- 3. Multiple Choice
The beautiful island of Wilson is very small and has limited natural resources. How does this affect trade for the island of Wilson?
exports only manufactured goods
imports fewer products
exports more goods to country of Cragin
has to import goods needed
- 4. Multiple ChoiceTariffs are a trade barrier that place a tax on what type of goods?exported goodsimported goodspeople's carsbusiness owner's companies
- 5. Multiple ChoiceCitizenship participation: Type of government where one person has complete control. People have no say in government.democracyoligarchyautocracyunitary
- 6. Multiple ChoiceType of democracy where citizens elect the legislative body (law-making body) and the law-making body appoints the executive branchpresidential democracydirect democracyparliamentary democracyautocratic democracy
- 7. Multiple ChoiceType of democracy where citizens vote directly for legislative body (law-making body) and executive branchpresidential democracyparliamentary democracyabsolute democracyautocratic democracy
- 8. Multiple Choice
The people of the village Cragin have always bartered with the people in Avis. They only barter on the 4th day of the second week of the third month in a calendar year.
command
market
mixed
traditional
- 9. Multiple Choice
Mr. Potato Head and Mrs. Potato Head have started a Potato Chip company. Their main competition is Lays potato chips. Both companies base all decisions about production on supply and demand without any government regulations.
mixed
traditional
command
market
- 10. Multiple ChoiceSnoopy's new business designs and builds luxury dog houses. In order to build quality homes, Snoopy invested in new equipment like saws, hammers, and spray painting machine. This is an example of investing in ____?educationcapital goodshuman capitaltraining
- 11. Multiple ChoiceWoody from Toy Story will not allow the toys from Andy's room to trade with the toys at Sid's house. This will continue until Sid treats his toys better.embargoquotatarifftrade barrier
- 12. Multiple Choice
How many pure market economies are there in the world?
zero
one
two
three
- 13. Multiple Choice
What does NAFTA stand for?
North American Free Trade Agreement
North Atlantic Free Trade Agreement
North American Free Trade Article
North Atlantic Free Trade Alignment
- 14. Multiple Choice
True or False All currencies have the same value.
True
False
- 15. Multiple Choice
Which of the following questions does an economic system not answer?
Why to produce?
How to produce?
For whom to produce?
What to produce?
- 16. Multiple Choice
The people of Mexico and Brazil vote in two separate elections. One is to elect the executive branch and the other is to elect the members of the legislative branch. This is an example of which type of government?
parliamentary democracy
constitutional democracy
presidential democracy
pure market
- 17. Multiple Choice
Which of the following countries does NOT have a democratic citizenship participation?
Brazil
Cuba
Mexico
Canada
- 18. Multiple Choice
What have the member countries of NAFTA agreed to eliminate?
embargos
quotas
tariffs
all of these
- 19. Multiple Choice
Which of the following Latin American countries is closest to a command economy?
North Korea
Cuba
Brazil
Mexico
- 20. Multiple Choice
Which of the following could be a problem with having a pure command economy?
People do not get enough of the resources they need, such as food and medicine
There is not enough government control to keep people safe.
Businesses could pay their workers very little for working long hours.
There would be no taxes, so the government could not provide services for the people.
- 21. Multiple Choice
In Mexico, 94.5% of its citizens can read and write. This means Mexico has a high
Exchange Rate
IQ Rate
Literacy Rate
Intelligence Rate
- 22. Multiple Choice
Country with the largest economy in Latin America.
United States
Cuba
Mexico
Brazil
- 23. Multiple Choice
This branch of government makes sure the laws are carried out.
Legislative Branch
Judicial Branch
Executive Branch
President's Branch
- 24. Multiple Choice
Cuba, Brazil, and Mexico all have this in common
All have a parliament
All have a command economy
All have a unitary government
All have a president
- 25. Multiple Choice
Which of these would not be considered a natural trade barrier?
Sierra Madre Mountains
Amazon Rainforest
Panama Canal
Atacama Desert
- 26. Multiple Choice
The United States currently taxes 25% of imported Canadian steel. This is an example of
Quota
Embargo
Tariff
Gerrymandering
- 27. Multiple Choice
The most common type of economy found in the world today
Mixed
Traditional
Command
Market
- 28. Multiple Choice
A current man-made trade barrier between the United States and Latin America
Tariff on Mexican automobiles
Quota on Brazilian oranges
The Rio Grande between the United States and Mexico
Embargo on Cuba
- 29. Multiple Choice
In Cuba, this is the only legal political party
La Republica Party
El Jefe Party
Communist Party
Capitalist Party
- 30. Multiple Choice
Which Latin American country enforces the requirement for people to vote in elections?
Mexico
Brazil
Cuba
Venezuela
- 31. Multiple Choice
Which of these could be a problem of having a 100% pure market economy?
There is too much government cheese available.
People would have difficulty enforcing property rights.
There would be no money available for anybody.
The military would have too much control.
- Answer choicesTagsAnswer choicesTags