Latin America Economy

What are two of Mexico’s important natural resources?

• petroleum (oil) and silver

• lumber and silver

• cars and factories

• coffee and wheat

What did the U.S. do in response to Cuba’s new leadership under Castro and communism?

• declared a war

• awarded Castro with a medal

• placed an embargo against Cuba

• ignored it

Which of the following would be most helpful to improving a country’s standard of living? 

• decreasing the literacy rate
• increasing the literacy rate
• reducing the number of factories   
• creating more low-paying jobs on farms

What has been the major export for Cuba for the past 200 years? 

• wheat
• corn
• sugar
• avocados

Who is Brazil’s largest trading partner?. 

• Cuba 
• Venezuela
• United States
• Guyana

In __________________economies, activities are usually hunting, farming, gathering, herding livestock.

• free market

• command

• mixed market

• traditional

In a __________________ economy, the government controls what is produced, at what prices, and to whom these products are distributed.

• free market

• command

• mixed

• traditional

In a __________________economy, consumers choose the prices they will pay and what products they will buy (supply and demand).

• market
• command
• mixed market
• traditional

In order to help U.S. car companies sell more cars, some people want to put a limit on the number of cars that can be imported from other countries.  This is an example of a(n)

• tariff
• quota
• embargo
• tax

Which is an example of investment in HUMAN capital?

• education

• factories

• highways

• trucks