Latin American Economies Review

The national government owns some of the country's key natural resources.  Is this economy close to command or market?

• Market
• Command

In this country, private individuals and companies own the country's land and factories.  This country's economy is closer to . . . 

• Market
• Command

In this country, individuals and businesses are required to pay high taxes to the government.  This country's economy is closer to . . . 

• Market
• Command

In this country, low taxes allow individuals and businesses to have greater economic freedom.  This country's economy is closer to . . . 

• Market
• Command

Of the following countries, _______________ is the closest to a command economy.

• Mexico
• Brazil
• Cuba

Gross domestic product is the value of ___________________ produced by a country in a year.

• natural resources
• goods and services
• entrepreneurs

If you divide the GDP by the population of a country, you will get ______________.

• GDP per capita
• GDP per capital
• GDP per person

Natural resources means ___________ from the earth.

• ideas and resources
• raw materials
• skills and knowledge
• factories and machinery

Human capital means ___________ of workers.

• ideas and resources
• raw materials
• skills and knowledge
• factories and machinery

Capital goods include ________________.

• ideas and resources
• raw materials
• skills and knowledge
• factories and machinery