Economic Understandings of Latin America  Concept Packet

Economic Understandings of Latin America Concept Packet

6th - 8th Grade

10 Qs

quiz-placeholder

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Economic Understandings of Latin America  Concept Packet

Economic Understandings of Latin America Concept Packet

Assessment

Quiz

Social Studies

6th - 8th Grade

Easy

Created by

Chandon Mitchell

Used 8+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economy is based on customs and traditions?

Command

Market

Traditional

Mixed

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which Latin American country’s economy is most controlled by the government?

Brazil

Mexico

Argentina

Cuba

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system relies on individual choice and private businesses making decisions?

Traditional

Mixed

Command

Market

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economic system do Brazil and Mexico both have?

Command

Mixed Market

Pure Market

Traditional

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is bartering?

Using credit to trade goods

Trading without using money

Paying with foreign currency

Government-controlled trade

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three basic economic questions every system must answer?

When to sell, what to trade, who to contact

What to produce, how to produce, for whom to produce

Where to work, when to work, why to work

What to earn, how to save, where to invest

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a tariff?

A limit on the number of exports

A complete ban on trade

A tax on imported goods

A tax on domestic products

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