Latin America Economics

There are many pure command and pure market economies in the world.

What is a trade barrier which places a limit on imported goods?

  What is a nation’s money called?

 What is the term for one’s financial earnings?

What is any activity which slows or outright blocks the free exchange of goods and services?

______ ______ involves investing in the healthcare, education, and training of your workforce.

What is a trade barrier which blocks all trade with another nation?

_____________ is the term for people who RISK their own money to create a new businesses or service.

What is a term used to describe the market/command blending of all modern world economies?

What is an economic system governed by custom, habit, and history?

What is an economic system wherein government planners make all business and financial decisions?

What is a material on or in the earth that has economic value?

What is the economic system in which bartering is common?

________ is the ability to read and write.

What is the percent of a nation’s population over the age of 15 who are able to read and write called?

Capital goods are the _______________________ people use to  produce goods and services.

What is a system of exchange whereby one good/service is given in return for another?

What type of economy would have the most entrepreneurs that are free to make their own business decisions?

What 3 countries joined together to create NAFTA?

 What is the focusing on a narrow range of products/services that can be produced most efficiently?

What is converting one nation’s money into an equivalent value/ quantity to another?

What is a trade barrier which places a tax on imported goods?

 What is the level of wealth and material comfort available to a people called?

34. Which letter would represent Cuba’s economy?