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15. Which statement reflects how Mexico’s economic system answers the economic question of how to produce?
D) Businesses decide how to produce goods, but the government regulates certain industries.
embargo
Entrepreneurship is rapidly growing since the government does not regulate or tax new businesses.
market
B. The higher the literacy rate the higher the standard of living.
B. All are examples of mixed economies.
mixed
Cuba
The relationship between the literacy rate and standard of living in Latin America is
D) Businesses decide how to produce goods, but the government regulates certain industries.
embargo
Entrepreneurship is rapidly growing since the government does not regulate or tax new businesses.
market
B. The higher the literacy rate the higher the standard of living.
B. All are examples of mixed economies.
mixed
Cuba
19. Out of the countries below, which Latin American country leans closest toward a command economy?
D) Businesses decide how to produce goods, but the government regulates certain industries.
embargo
Entrepreneurship is rapidly growing since the government does not regulate or tax new businesses.
market
B. The higher the literacy rate the higher the standard of living.
B. All are examples of mixed economies.
mixed
Cuba
What do the economic systems of the Brazil, Mexico, Canada have in common?
D) Businesses decide how to produce goods, but the government regulates certain industries.
embargo
Entrepreneurship is rapidly growing since the government does not regulate or tax new businesses.
market
B. The higher the literacy rate the higher the standard of living.
B. All are examples of mixed economies.
mixed
Cuba
Which statement most accurately describes the role of entrepreneurship in Latin America?
D) Businesses decide how to produce goods, but the government regulates certain industries.
embargo
Entrepreneurship is rapidly growing since the government does not regulate or tax new businesses.
market
B. The higher the literacy rate the higher the standard of living.
B. All are examples of mixed economies.
mixed
Cuba
An economic system Based on what consumers want to buy and producers want to sell (supply and demand).
D) Businesses decide how to produce goods, but the government regulates certain industries.
embargo
Entrepreneurship is rapidly growing since the government does not regulate or tax new businesses.
market
B. The higher the literacy rate the higher the standard of living.
B. All are examples of mixed economies.
mixed
Cuba
17. As a result of the Cuban Revolution, the United States refused to trade with Cuba. What type of trade barrier does this illustrate?
D) Businesses decide how to produce goods, but the government regulates certain industries.
embargo
Entrepreneurship is rapidly growing since the government does not regulate or tax new businesses.
market
B. The higher the literacy rate the higher the standard of living.
B. All are examples of mixed economies.
mixed
Cuba
Command + Market = _________________
D) Businesses decide how to produce goods, but the government regulates certain industries.
embargo
Entrepreneurship is rapidly growing since the government does not regulate or tax new businesses.
market
B. The higher the literacy rate the higher the standard of living.
B. All are examples of mixed economies.
mixed
Cuba
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