Economic Systems Of Mexico, Brazil, And Cuba Question Preview (ID: 53584)

Economic Systems Of Mexico, Brazil, And Cuba.

When companies invest in human capital like education and training, the _________ goes up.
a) GDP (gross domestic product)
b) currency
c) exchange rate
d) stock

If a country has a high standard of living, they usually have a _______ also.
a) high literacy rate
c) low employment rate
d) high unemployment rate

Because Cuba doesn’t have a lot of natural resources, they have to _________ or buy and bring into Cuba a lot of goods and services.
a) quota
b) import
c) sell
d) give away

This is a trade agreement between Canada, the U.S., and Mexico.
b) NAFTA (North American Free Trade Agreement)
c) the Big Agreement
d) the North American handshake

This is a limit on the number of goods that can be imported from a foreign country (a type of economic trade barrier).
a) quota
b) embargo
c) tariff
d) sanction

This a stop on trade with another country (a type of economic trade barrier).
a) mountain
b) quota
c) tariff
d) embargo

Most countries in Latin America have this type of economy.
a) mixed market
b) command
c) traditional
d) agrarian

This is a tax on imported goods (a type of economic trade barrier).
a) embargo
b) quota
c) command
d) tariff

Since Cuba has a command economy, it has this type of government.
a) democratic
b) opportunistic
c) Communist
d) Socialist

This country has the largest economy in Latin America.
a) Brazil
b) Canada
c) Chile
d) Cuba

Cuba has a ________ economy that is only 33% free and 77% government controlled.
a) market
b) command
c) agrarian
d) traditional

Since it has a command economy, the three economic decisions (what to produce, how to produce, for whom to produce) are made by the Cuban ______________
a) people
b) churches
c) U.S.
d) government

Brazil has mixed a __________ economic system that is about 53% free and 47% government intervention.
a) traditional
b) command
c) Communist
d) mixed market

Mexico has a __________ economy where citizens are generally free to make their own economic decisions.
a) mixed market
b) command
c) traditional
d) barter

When a country has __________ like lumber and minerals, they don't have to import as many raw materials and finished goods from other countries.
a) a high literacy rate
b) market economy
c) natural resources
d) capital goods

An ____________ is someone who decides to create or run a business, even though he or she might lose some money.
a) prime minister
b) store manager
c) dictator
d) entrepreneur

When a country has a high ______________ (percentage of people who can read and write), they usually also have a high ____________.
a) tariff; quota
b) market economy; level of capital goods
c) GDP; literacy rate
d) literacy; GDP

___________________usually refers to the economic level of an individual, a family, or a country.
a) GDP
b) A tariff
c) Standard of living
d) A high literacy rate

__________ is the total value of the goods and services produced in a country during a specific period of time.
a) Literacy rate
b) Gross Domestic Product (GDP)
c) Natural resources
d) Human capital

__________ are man-made items not found in nature that are used to create goods or to perform services.
a) Natural resources
b) Capital goods
c) Human capital
d) Surplus

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