Latin American Economics Review

A trade barrier which blocks all trade with another nation.

Any activity which slows or blocks the free exchange of goods and services between nations

The average annual income of a nation's citizens.

The estimated total value of all the final goods and services produced in a nation in a year.

The capacity of private citizens to create new businesses independent of government control.

A 0 - 100 scale which ranks world economies from most command to most market.

What is the purpose of NAFTA?

Mexico's focus on providing jobs in the automotive manufacturing industry is an example of what?

This Latin American country has the most entrepreneurs of those that we have studied.

An economic model where the government makes all business and financial decisions.

A trade barrier which places a tax on imported goods.

An economic model used by government to determine what should be produced or provided.

An economic model which is determined by the laws of supply and demand...not the government.

A system of exchange where one good or service is given for another. No money is used.

A trade barrier which places a limit on imported goods.

The level of wealth and material comfort available to a people.

$$$ A nation's money $$$

The knowledge, skills, and relative health of a nation's labor force.

Which two economic ideas are most closely related to one another?

Which side of the economic continuum refers to command leaning economies?

An economic model governed by custom, habit, and history.

Term used to describe the blending of market, command and traditional economies.

Trade in which both partners freely agree to and benefit from the exchange of goods/services

Focusing on a narrow range of products or services that can be produced most efficiently.

Which Latin American country is the most market leaning country that we have studied?

The percentage of a nation's population over the age of 15 who are able to read and write.