Economy of Latin America

The relationship between the literacy rate and standard of living in Latin America is

A main purpose of NAFTA was to

Which describes the economic system in Mexico?

What is one reason for people to exchange currency?

Which basic kind of economic system is best for raising the income of individuals?

On the economic continuum, which of these countries is closest to market?

Which basic kind of economic system is characterized by habit and customs ?

A combination of command and market economic systems is called a mixed economy.

The relationship between investment in human capital and GDP in Latin America is

On the economic continuum, which of these countries is closest to command?

In which economic system is is the government most influential?

Venezuela is rich in the natural resource oil. Cuba is rich in sugarcane. This is an example of

Cuba has fewer natural resources than Brazil. This affects their trade in that Cuba

In which basic economic system do people have the most individual freedom?

What are the factors of production?

GDP represents the total market value of ___ produced by a country’s economy in a specific ___.

Which of the following is NOT one of the 3 basic economic systems?

Which population statistic is most often used to compare one country’s economy to another?

Which of the following is NOT an economic questions every country must answer?

Which of these population statistics is the best indicator of the healthcare system?

Which is not a benefit of free trade?

Which of the following is an example of a command economy?

Cuba & Brazil do not trade with each other. What kind of trade barriers exist between them?

On the economic continuum, most countries fall between a pure market & a pure command economy

Economic system where individuals make decisions based on how things have always been done.