Latin America Economy Study Guide

Which is an example of human capital?

Most democratic nations have _____________ economies.

NAFTA is an example of which pattern of behavior among countries?

In a command economy, economic decisions are made by the _________________.

What is an entrepreneur?

Which trade barrier discourages trade by placing a tax on imported goods?

Which of the following would reflect a country with a mixed economy?

Jose plans to open a new car repair shop near his home. Jose is an example of _______________.

The limit on how many items can imported from a country is the _______________.

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

Cuba has fewer natural resources than countries such as Brazil. This affect trade in that Cuba__

Which country is the closest to having a command economy?

What do the economic systems of the Brazil, Mexico, and the US have in common?

The economist system of communist countries is most closely related to which of the following:

Economic decisions based on customs or beliefs are found in a _____________.

What is NOT example of an economic trade barrier?

Brazil is building new factories and new technology. These are examples of __________________.

When a government decides to increase a tariff, it increases the amount of a tax placed upon a __________________.

The NAFTA was designed to promote free trade between the United States, _____________, and ________________.