Latin America's Economics

Where would Mexico, Brazil, & Cuba fall on this economic continuum?

• A-Cuba, B-Brazil, C-Mexico

• A-Brazil, B-Cuba, C-Mexico

• A-Cuba, B-Mexico, C-Brazil

• A-Mexico, B-Brazil, C-Cuba

Check all of the statements that are true of Mexico's economy.

• second-largest economy in Latin America

• largest exporter of goods and services in Latin America

• nationalized oil is a major source of income

• mostly free economy with some government laws and regulations

• largest economy in Latin America

Check all of the statements that are true about Brazil's economy

• leading producer of agricultural goods and industrial goods

• very few private businesses

• largest economy in Latin America

• large steel industry

• moderately free economy with large amounts of government regulations

Check all the statements that are true of Cuba's economy

• moderately free economy with large amounts of government regulations

• mostly command economy and government makes most decisions

• large black market

• lots of private businesses

• very few private businesses

Which country has the highest national GDP?

• Brazil

• Belize

• Mexico

• Nicaragua

Which country has the lowest national GDP?

• Cuba

• Belize

• Colombia

• Nicaragua

Which country has the highest GDP per capita?

• Brazil

• Belize

• Mexico

• Nicaragua

Which natural resource is available in Brazil, Mexico, & Cuba?

• soybeans

• wheat

• coffee

• oil

Which country is most likely to export goods for construction companies?

• Mexico

• Brazil

• Cuba

Which statement most accurately describes the role of entrepreneurship in Latin America?

• Entrepreneurship is declining since many Latin Americans are finding government jobs.

• Entrepreneurship is growing but there are many government obstacles and taxes entrepreneurs must face.

• Entrepreneurship is rapidly growing since the government does not regulate or tax new businesses.

• Many Latin America governments give entrepreneurs generous tax breaks and incentives to start new businesses.