Latin America Economy

Front

What does it mean when a country has a mixed economy?

Back

It is a little of command and market

Front

What type of economy does Cuba have?

Back

Command

Front

What is literacy rate?

Back

% of a population over 15 who can read and write

Front

What does GDP stand for?

Back

Gross Domestic Product

Front

What is an example of Human Capital? Options: Factories, Education, Shoes, Hair bows

Back

Education

Front

What does Gross in GDP mean?

Back

Total value

Front

If a country doesn't have a lot of natural resources, does it import a lot of stuff or export a lot of stuff?

Back

It imports a lot of stuff.

Front

Mexico is closer to a Market economy than a Command economy.

Back

True

Front

What is a command economy?

Back

All decisions made by government

Front

What is an example of natural resources?

Back

Coffee