Name: ______________________________
Test Date: ___________
Unit 8-9 Study Guide
Economics, Environment, and Government of Latin America
Economics Type of Economy
Definition
Specialization: Definition __________________________________________________________________________________ Give an example related to Georgia __________________________________________________________________________________ Do you think specialization encourages trade? Why or why not? __________________________________________________________________________________ __________________________________________________________________________________
Trade Barriers
Definition
Why do we have trade barriers? __________________________________________________________________________________ __________________________________________________________________________________ The United States is a member of NAFTA with Canada and Mexico. Tell whether the following points are positive or negative… ________________ These 3 countries do not charge tariffs on imported goods. ________________ The Chiapas in Mexico have difficulty selling their goods. ________________ Some Americans are concerned that some U.S. businesses will move to Mexico because companies can pay their employees less. ________________ Large corporations can make a high profit. The monetary unit of the United States is the ________________. In Mexico the monetary unit is the _____________. If you were on vacation in Cancun, how would you purchase souvenirs for your friends? __________________________________________________________________________________
Economic Term Human capital/resources Capital goods/resources GDP Entrepreneur Literacy rate Natural resource
Definition
Use the above terms to fill in the following blanks: ____________________ This is the person in charge of making sure a business is run successfully. ____________________ If your country sees the importance of education, you probably have valuable workers. ____________________ This is important to the economy because if we have trees we can build homes, use the pulp for the production of paper, and supply many jobs for workers. ____________________ This will be high in a country if the government is concerned about educating their people and providing equipment for businesses to make goods. ____________________ These are important in Venezuela if they are going to drill for oil, refine, and then transport the finished product to other countries.
Environment: Issue Oil pollution Air pollution Deforestation
Country
Reason for concern
Government: Government Presidential Dem. Parliamentary Dem. Dictatorship
Definition
Example(s)
Distribution of Power
Federal:
Unitary:
Confederation:
Def:
Def:
Def: regional gov’ts hold power.
Ex:
Ex:
Ex: None in L. America