6SW3.2.3 Article 7: Economy of Mexico QUESTIONS

What type of economy does Mexico operate under? Mark only one oval.

• Mixed economy

• Planned economy

• Traditional economy

• Command economy

Which agreement replaced NAFTA? Mark only one oval.

• USMCA

• TPP

• EU Trade Agreement

• NAFTA II

What is one major challenge Mexico faces in its economy? Mark only one oval.

• High literacy rates

• Government corruption

• Low manufacturing output

• High employment rates

How do free trade agreements benefit Mexico? Mark only one oval.

• They limit foreign investments

• They increase government control

• They support trade and manufacturing growth

• They reduce job opportunities

What has the Mexican government done to address economic challenges? Mark only one oval.

• Decreased regulations

• Increased regulations to protect citizens

• Eliminated free trade agreements

• Reduced education funding

Why is improving the education system important for Mexico’s economy? Mark only one oval.

• It decreases productivity

• It increases the literacy rate

• It reduces job opportunities

• It limits entrepreneurship

What is a benefit of a free market environment in Mexico? Mark only one oval.

• It discourages entrepreneurship

• It encourages job creation

• It limits foreign investments

• It increases government control

What is one effect of Mexico's participation in international trade agreements? Mark only one oval.

• Less investment in technology

• More efficient economic landscape

• Decreased manufacturing jobs

• Higher taxes on businesses

What does 'human capital' refer to in the context of economic growth? Mark only one oval.

• Natural resources

• Government policies

• Skills and education of the workforce

• Physical buildings and factories

What role do small and medium-sized businesses play in Mexico's economy? Mark only one oval.

• They decrease employment rates

• They are not important

• They help increase employment rates

• They limit economic growth