Economics of Latin America Review 2021

On the economic continuum, would Mexico fall closer to command or market?

Investing in human capital and capital goods will have a ___ effect on GDP

Cuba has a high literacy rate. This means they invest heavily in ______.

Majority of Mexico's land, factories and businesses are owned by the

Health care, education, and job training are examples of

The purpose of NAFTA was to

The least amount of entrepreneurship exists in what country?

Brazil specializes in

This type of trade barrier stops all trade with another country

Cuba specializes in

Which country has their government decide what goods and services are available for their citizens

On an economic continuum, where would Cuba fall closer to?

What is the total value of the final goods and services produced in a nation in a year's time?

Mexico specializes in

What is the currency of Brazil?

Generally, the higher the literacy rate, the higher the

An example of specialization is

Which country is closer to Market on the economic continuum?

What is the currency of Mexico?

In which country would it be easier to start a business?

Investing in machines, technology and factories is an example of investing in which factor of production?

Which country collects high taxes, controls water, telecommunications, electricity, oil and mining?

This type of trade barrier places a tax on imports

This type of trade barrier limits the number of imports into a country

Which economic system do the people & the laws of supply & demand determine what is produced/consumed & at what cost?

Which country has the largest economy in Latin America?

Why is it important to have currency exchange?

In which type of economic system does the government determine how the three basic economic questions are answered?

Which is not one of the factors of production?

Generally, when a country has a high standard of living, the citizens have a high

The Latin American country with the least personal freedoms is