Question 1

What effects the GDP of a country?

Accepted Answer

Human Capital, Capital Goods, Natural Resources, and Entrepreneurs

Answer

Human Capital, Natural Resources, Supply, and Demand

Answer

Entrepreneurs, Demand, Quotas, and NAFTA

Answer

Capital Goods, Supply, Embargo, and Tariffs

Question 2

What are the economic systems?

Accepted Answer

Traditional, Command, Market, and Mixed

Answer

Market, Command, NAFTA, and GDP

Answer

Mixed, Market, NAFTA, and GDP

Answer

Traditional, Market, Command, and NAFTA

Question 3

What are the trade barriers?

Accepted Answer

Embargo, Tariff, and Quota

Answer

NAFTA, Quota, and Tariff

Answer

Quota, Embargo, and NAFTA

Answer

Embargo, Tariff, and NAFTA

Question 4

Which Latin American country is the most free?

Accepted Answer

Mexico

Answer

Colombia

Answer

Cuba

Answer

Brazil

Question 5

What are the 3 basic economic questions?

Accepted Answer

What to produce? How to produce? For whom to produce?

Answer

Where to produce? When to produce? Why produce?

Answer

There are 4, not 3.

Answer

What to destroy? How to destroy? For whom destroy?

Question 6

Brazil has a __________-leaning economy.

Accepted Answer

Market

Answer

Mixed

Answer

Command

Answer

Traditional

Question 7

Cuba has a __________-leaning economy.

Accepted Answer

Command

Answer

Mixed

Answer

Market

Answer

Traditional

Question 8

Mexico has a __________-leaning economy.

Accepted Answer

Market

Answer

Traditional

Answer

Command

Answer

Mixed

Question 9

What is a Mixed economy?

Accepted Answer

A mix of Market and Command

Answer

A mix of Traditional and Command

Answer

A mix of Market, Command and Traditional

Answer

A mix of Market and Traditional

Question 10

Which Latin American country has the biggest economy?

Accepted Answer

Brazil

Answer

Argentina

Answer

Cuba

Answer

Mexico

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