Latin American Economies Review
Authored by Don Hamil
History
6th Grade
Used 55+ times
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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The national government owns some of the country's key natural resources. Is this economy close to command or market?
Market
Command
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In this country, private individuals and companies own the country's land and factories. This country's economy is closer to . . .
Market
Command
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In this country, individuals and businesses are required to pay high taxes to the government. This country's economy is closer to . . .
Market
Command
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In this country, low taxes allow individuals and businesses to have greater economic freedom. This country's economy is closer to . . .
Market
Command
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Of the following countries, _______________ is the closest to a command economy.
Mexico
Brazil
Cuba
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Gross domestic product is the value of ___________________ produced by a country in a year.
natural resources
goods and services
entrepreneurs
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you divide the GDP by the population of a country, you will get ______________.
GDP per capita
GDP per capital
GDP per person
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