Latin America Economics

Front

How does high literacy rates benefit a country's economy?

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Workers can get jobs that pay well that requires reading and writing skills.

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Why does Cuba have the highest literacy rate in Latin America?

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Fidel Castro made sure money was put into boosting education in Cuba making education a priority.

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Why do some Latin American countries like Cuba, with high literacy rates also have high poverty rates?

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The largest industries, including agriculture and manufacturing, don’t offer high-wage, high-skill jobs.

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Why do some countries in Latin America such as Brazil, spend a lot of money on making college free?

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Countries with lots of college graduates tend to have better and healthier economies.

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Why do investments in the wellbeing of people increase a country’s economic wealth?

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Only healthy, educated, and well-trained people can be expected to support a strong economy.

Front

What are capital goods?

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The factories, machinery, and technology that are needed to support an industry

Front

Which natural resources are found in Cuba? Options: Natural gas and oil, Minerals and sugarcane, Salt and iron ore, Fresh water and timber

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Minerals and sugarcane

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Why might a country, such as Brazil, choose not to sell its natural resources? Options: Some natural resources, such as sugar, grow naturally in most countries. Some natural resources, such as diamonds, are worth more in the future. Some natural resources, such as oil, are too difficult to extract from the earth. Some natural resources, such as the rainforest, are critical to the earth’s well-being.

Back

Some natural resources, such as the rainforest, are critical to the earth’s well-being.

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Why does Cuba have very few entrepreneurs?

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Cuba’s government imposes excessive regulations on new businesses.

Front

What is an entrepreneur?

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A private citizen who invests in the creation of a new business or industry.