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- 1. Multiple Choice
Where would Mexico, Brazil, & Cuba fall on this economic continuum?
A-Cuba, B-Brazil, C-Mexico
A-Brazil, B-Cuba, C-Mexico
A-Cuba, B-Mexico, C-Brazil
A-Mexico, B-Brazil, C-Cuba
- 2. Multiple Choice
Check all of the statements that are true of Mexico's economy.
second-largest economy in Latin America
largest exporter of goods and services in Latin America
nationalized oil is a major source of income
mostly free economy with some government laws and regulations
largest economy in Latin America
- 3. Multiple Choice
Check all of the statements that are true about Brazil's economy
leading producer of agricultural goods and industrial goods
very few private businesses
largest economy in Latin America
large steel industry
moderately free economy with large amounts of government regulations
- 4. Multiple Choice
Check all the statements that are true of Cuba's economy
moderately free economy with large amounts of government regulations
mostly command economy and government makes most decisions
large black market
lots of private businesses
very few private businesses
- 5. Multiple Choice
Which country has the highest national GDP?
Brazil
Belize
Mexico
Nicaragua
- 6. Multiple Choice
Which country has the lowest national GDP?
Cuba
Belize
Colombia
Nicaragua
- 7. Multiple Choice
Which country has the highest GDP per capita?
Brazil
Belize
Mexico
Nicaragua
- 8. Multiple Choice
Which natural resource is available in Brazil, Mexico, & Cuba?
soybeans
wheat
coffee
oil
- 9. Multiple Choice
Which country is most likely to export goods for construction companies?
Mexico
Brazil
Cuba
- 10. Multiple Choice
Which statement most accurately describes the role of entrepreneurship in Latin America?
Entrepreneurship is declining since many Latin Americans are finding government jobs.
Entrepreneurship is growing but there are many government obstacles and taxes entrepreneurs must face.
Entrepreneurship is rapidly growing since the government does not regulate or tax new businesses.
Many Latin America governments give entrepreneurs generous tax breaks and incentives to start new businesses.
- 11. Multiple Choice
What were the goals of NAFTA? (Choose 3)
establish safe, fair conditions for workers in member countries
expand the market for all goods and services
restrict trade between non-member countries
establish clear rules for trade and procedures to resolve disputes
make foreign goods more expensive
- 12. Multiple Choice
The total value of everything produced by all people and businesses in a country in one year
GDP per capita
Gross Domestic Product
Standard of Living
- 13. Multiple Choice
The average value per person of everything produced in a country in one year
GDP per capita
Gross Domestic Product
GDP Growth
- 14. Multiple Choice
Which country has a higher GDP?
Country A
Country B
- 15. Multiple Choice
Which country has a higher GDP per capita?
Country A
Country B
- 16. Multiple Choice
Which country has a higher GDP per capita?
Country A
Country B
- 17. Multiple Choice
Which country has probably invested more in human and capital resources?
Country A
Country B
- 18. Multiple Choice
Investments in human capital include spending money for which of the following?
college scholarships
new factories
on-the-job training
drilling for oil
- 19. Multiple Choice
"Mexico's government influences international trade by issuing tariffs, embargoes, and quotas"
These actions are examples of what type of economic strategy?
price incentives
currency exchange
supply and demand
trade barriers
- 20. Multiple Choice
"Nicaragua faces the obstacle of updating its many old factories with new equipment and technologies."
This issue indicates a lack of investment in which type of resource in Nicaragua?
human resources
natural resources
capital resources
entrepreneurship
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