Latin america jeopardy

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Latin america jeopardy

  1. 1. Latin America’s Economy Jeopardy
  2. 2. Vocabulary Currency Exchange Trade Economic Systems GDP 1 2 3 4 5 1 2 3 4 5 1 2 3 4 5 1 2 3 4 5 1 2 3 4 5
  3. 3. Category 1 for 1 These are examples of economic trade barriers? Check Your Answer
  4. 4. Category 1 for 1 Answer: Tariffs, quotas and embargos Back to the Game Board
  5. 5. Category 1 for 2 These three countries signed the NAFTA? Check Your Answer
  6. 6. Category 1 for 2 Answer: Canada, Mexico and the US Back to the Game Board
  7. 7. Category 1 for 3 A person who starts a business is one of these. Check Your Answer
  8. 8. Category 1 for 3 Answer: entrepreneur Back to the Game Board
  9. 9. Category 1 for 4 Education and training are examples of this kind of capital. Check Your Answer
  10. 10. Category 1 for 4 Answer: Human Capital Back to the Game Board
  11. 11. Category 1 for 5 This is the difference between scarcity and surplus Check Your Answer
  12. 12. Category 1 for 5 Answer: Scarcity is lack of a resource and surplus is more than needed of a resource. Back to the Game Board
  13. 13. Category 2 for 1 This is the definition of Gross Domestic Product. Check Your Answer
  14. 14. Category 2 for 1 Answer: GDP is the total amount of final goods and services produced in one year within a country. Back to the Game Board
  15. 15. Category 2 for 2 This would happen to a country’s GDP if it did not invest in human capital. Check Your Answer
  16. 16. Category 2 for 2 Answer: The GDP and GDP per capita would be lowered. Back to the Game Board
  17. 17. Category 2 for 3 This would happen to a country’s GDP if it did not invest in capital goods. Check Your Answer
  18. 18. Category 2 for 3 Answer: The GDP and the GDP per capita would be lowered. Back to the Game Board
  19. 19. Category 2 for 4 Some examples of human capital and investments in human capital are __________. Check Your Answer
  20. 20. Category 2 for 4 Answer: people, education for the citizens, health care for the citizens and training of the workforce. Back to the Game Board
  21. 21. Category 2 for 5 Some examples of capital goods and investments in capital goods are __________. Check Your Answer
  22. 22. Category 2 for 5 Answer: investing in technology, factories, offices, new means of communicating and needed equipment. Back to the Game Board
  23. 23. Category 3 for 1 An example of a traditional economic system in Latin America is ____________ Check Your Answer
  24. 24. Category 3 for 1 Answer: A small people group in the Amazon River basin. Back to the Game Board
  25. 25. Category 3 for 2 An example of a command economy in Latin America is ___________. Check Your Answer
  26. 26. Category 3 for 2 Answer: Cuba Back to the Game Board
  27. 27. Category 3 for 3 Two examples of a mixed economy in Latin America are _________. Check Your Answer
  28. 28. Category 3 for 3 Answer: Mexico and Brazil Back to the Game Board
  29. 29. Category 3 for 4 Economic decisions in a command economy are made by the ____________. Check Your Answer
  30. 30. Category 3 for 4 Answer: government Back to the Game Board
  31. 31. Category 3 for 5 Check Your Answer The economic systems of Brazil, Mexico and Canada have this in common.
  32. 32. Category 3 for 5 Answer: They are all examples of mixed economies. Back to the Game Board
  33. 33. Category 4 for 1 This might be a reason that a country would have to import oil. Check Your Answer
  34. 34. Category 4 for 1 Answer: It lacks the natural resource of oil. Back to the Game Board
  35. 35. Category 4 for 2 A country that has many natural resources probably does little of this. Check Your Answer
  36. 36. Category 4 for 2 Answer: Import lots of goods Back to the Game Board
  37. 37. Category 4 for 3 This is how a country could limit how many items of a particular product can be imported . Check Your Answer
  38. 38. Category 4 for 3 Answer: Quotas or Tariffs Back to the Game Board
  39. 39. Category 4 for 4 A tariff is a tax on _____________. Check Your Answer
  40. 40. Category 4 for 4 Answer: imported goods Back to the Game Board
  41. 41. Category 4 for 5 In order to prohibit an item being imported, the government would have a(an) _________ on that item. Check Your Answer
  42. 42. Category 4 for 5 Answer: embargo Back to the Game Board
  43. 43. Category 5 for 1 This is all other currencies other than the domestic currency of a specific country. Check Your Answer
  44. 44. Category 5 for 1 Answer: Foreign Currency Back to the Game Board
  45. 45. Category 5 for 2 This is the price of one country’s currency in terms of another country’s currency. Check Your Answer
  46. 46. Category 5 for 2 Answer: Currency Rate Back to the Game Board
  47. 47. Category 5 for 3 This is the reason that trade is easier between the countries of the European Union than between countries of Latin America. Check Your Answer
  48. 48. Category 5 for 3 Answer: Most countries of the European Union have the same currency, the euro. Back to the Game Board
  49. 49. Category 5 for 4 You would have to know this in order to find out the value of a product in US dollars if you are in Canada. Check Your Answer
  50. 50. Category 5 for 4 Answer: The exchange rate for US dollars and Canadian dollars Back to the Game Board
  51. 51. Category 5 for 5 This is why US citizens cannot use their currency to buy goods or services in other countries. Check Your Answer
  52. 52. Category 5 for 5 Back to the Game Board Answer: The currency in the US has a different value from the currency of the other country.

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