Latin American Econ & Government Review

What is Brazil's main agricultural product?

• petroleum

• coffee

• cotton

• tobacco

• silly putty

Which Latin American country is known for producing sugarcane over the last 200+ years?

• Mexico

• Brazil

• Cuba

• Candy Land

• Honduras

What does Mexico do to encourage entrepreneurship?

• Provides tax breaks to the wealthy

• Requires all citizens to start their own business

• Gives free avocados to entrepreneurs

• Requires only 8 days to start a business

• Has a command style economy

Which Latin American country has the most economic freedom?

• Brazil

• Cuba

• Mexico

• United States

• Venezuela

Which Latin American economy has the least amount of freedom?

• Cuba

• Mexico

• Brazil

• Canada

• Ukraine

Which statement best describes the relationship between literacy rate & GDP?

• Low literacy rates lead to high GDP values

• High literacy rates lead to low GDP values

• There is no clear relationship between literacy rates and GDP

• High literacy rates lead to high GDP values & low literacy rates lead to low GDP values

• Literacy rates and GDP values mean exactly the same thing

Which is the best description of the trade relationship between the U.S. and Cuba?

• free trade

• quota on Cuban sugarcane & tobacco products

• embargo

• fully functional and profitable for both

• Cuba has placed tariffs on American beef & poultry products

This type of economy is based on trade & customs.

• market

• mixed

• traditional

• command

• gluten-free

Communist governments usually have this type of economy:

• traditional

• extra-crispy

• command

• market

• stir-fried

What is the replacement for NAFTA called?

• North Atlantic Treaty Organization

• USMCA

• YMCA

• E.U.

• Worldwide Trade Federation