CA5 Recheck for Latin America Understanding

What are the Three Economic Questions EVERY country’s economy must answer

• how, where when

• what how whom

• where why hair

• hear, what why

This nation citizens who are 16 years old can vote, and those who are 18-70 are required to vote. They hold the Presidential Elections every 4 years. What nation is being described

• mexico

• cuba

• columbia

• brazil

The US.  Government Placed a___________  on Brazilian Bananas to control the prices. The U.S Government places a______________ to limit the amount of Fruit coming from other countries. The Country of Cuba had an______________ placed on trade with them. We stopped trading with them because of their Communist Government

How are prices of goods decided in a Market Economy?

• Cheif of the tribe

• Governor of state

• Producers and comsumer

• Government

Supporters of NAFTA and free trade would have contended that such agreements

• Limited the growth of an economy and prevents inflation.

• Hampered democratic reforms and open markets in area that were already strong

• Increased government control of a nation’s economy.

• Stimulated democratic reform and open markets in areas that needed improvement

What does GDP?

• Gross Dogs Pray

• Gross Domestic Products

• Gross Democracy Products

• Good Domestic Pizza

What the literacy rate

• Cuba

• The rate that people can read and write

• How people live

• how many resources are produced.

n which country would you Most expect to find state-controlled industry, the greatest amount of restrictions on private business ownership, and the majority of the population working for the government?I

• Brazil

• Cuba

• Mexico

• Latin America

What is the standard of living?

• the level of wealth, materials, good and comfort

• level of money that a person has

• level of reading or writing a person does

• how people get jobs

What are the four factors of production?

• water, rain literacy, jobs

• natural resources, human capital, capital good and entrepreneurship

• natural resources, money, education, jobs

• human capital, jobs, education wealth