Unit 5- The Economy of South America

Multiple Choice

What are the 4 Factors of Production?

• They are the 4 steps needed to create a product to sell.

• They are 4 kinds of natural resources that you need to make a product.

• They are the 4 things that can hurt a business.

• They are the 4 things that the government needs to check before a business can sell a product.

Multiple Choice

What kind of businesses does South America seem to specialize in?

• Farming and Agriculture.

• Oil and Tractor Manufacturing.

• Mining and Oil

• Farming, Agriculture and Oil.

Multiple Select

What are the four types of industries that every country has?

(Pick 4)

• SERVICES- doing jobs for other people (banking, teaching, lawn mowing, movie making, etc.)

• MINING- digging up minerals to be sold (metals and gemstones)

• AGRICULTURE- the raising of plants as animals so they can be sold as food (farming and ranching)

• MANUFACTURING- using raw materials to create products to be sold (factories)

• RETAIL- Selling already made products from other companies (Walmart, Target, Gamestop,etc.)

Multiple Choice

What country has highest life expectancy in South America?

• Argentina

• Brazil

• Chile

• Guyana

Multiple Choice

What country has the most number of people that can read?

• Argentina

• Bolivia

• Guyana

• Venezuela

Multiple Choice

What country makes the most money every year in South America?

• Brazil

• Chile

• Colombia

• Suriname

Multiple Choice

In what country would an individual person make the most money every year?

• Brazil

• Chile

• Ecuador

• Venezuela

Multiple Choice

What kind of economic system does Brazil have?

• Free Market / Capitalist

• Command / Communism

• Mixed / Socialist

Multiple Choice

What kind of economic system does Bolivia have?

• Free Market / Capitalist

• Command / Communism

• Mixed / Socialist

Multiple Choice

What kind of economic system does Chile have?

• Free Market / Capitalist

• Command / Communism

• Mixed / Socialist

Multiple Choice

What kind of economic system does Colombia have?

• Free Market / Capitalist

• Command / Communism

• Mixed / Socialist

Multiple Choice

What kind of economic system does Paraguay have?

• Free Market / Capitalist

• Command / Communism

• Mixed / Socialist

Multiple Choice

What kind of economic system does Peru have?

• Free Market / Capitalist

• Command / Communism

• Mixed / Socialist

Multiple Choice

What kind of economic system does Suriname have?

• Free Market / Capitalist

• Command / Communism

• Mixed / Socialist

Multiple Choice

What kind of economic system does Suriname have?

• Free Market / Capitalist

• Command / Communism

• Mixed / Socialist