**Latin America Economics REVIEW

What Latin American country is associated with letter "A," closest to a Pure Command economy?

• Cuba
• Brazil
• Mexico

What Latin American country is associated with letter "B," in between a Pure Command economy and a Pure Market economy?

• Cuba
• Brazil
• Mexico

What Latin American country is associated with letter "C," closest to a Pure Market economy?

• Cuba
• Brazil
• Mexico

Mexico, Cuba, and Brazil have mixed economic systems. Which statement explains why these countries' systems are considered mixed? (read carefully and pick out key words that describe our economic systems)

• The government and the operation of supply and demand influence economic decisions.
• The government makes command decisions that prevent the market from running efficiently.

How do the economic systems of Cuba and Brazil differ?

• Consumers and producers have more control over what is produced, how it is produced, and for whom it is produced in Brazil.
• Long-standing customs and values mostly determine what is produced, how it is produced, and for whom it is produced in Brazil.

Which country has the highest national GDP?

• Belize
• Brazil
• Colombia

Which country has the highest GDP per capita?

• Belize
• Mexico
• Nicaragua

Which country probably has the highest standard of living?

• Colombia
• Mexico
• Nicaragua

Which nation has the highest literacy rate?

• Chile
• Colombia
• Cuba

Which nation has the lowest literacy rate?

• Brazil
• Mexico
• Nicaragau