Latin America Government and Economics Test

Which country has the largest economy in Latin America?

• Cuba

• Venezuela

• Brazil

• Panama

Which country has the second largest economy in Latin America?

• Brazil

• Mexico

• Cuba

• Chile

What kind of economic system does Mexico have?

• Mixed, Market Leaning

• Mixed, Command Leaning

• Pure Market

• Traditional

In this type of government, citizens have NO control.

• Democracy

• Autocracy

• Presidential

• Command

This type of government gives the MOST control to it's citizens, like voting:

• Autocracy

• Democracy

• Oligarchy

• Communism

In Mexico who decides what to produce based on supply and demand?

• The Government

• Private Businesses and Individuals

• Russia

• USA

Who owns the land, resources, and factories in Mexico?

• Businesses and Citizens

• The Government

• The Autocracy

What is economic regulation?

• The rules and enforcement of rules that limit economic activity

• The rules that say what people can and can't do.

• When the citizens decide how much to charge and produce.

Over the past 30 years, Brazil's national government has allowed citizens to have more of a say in ________.

• The Government

• The Economy

• Voting

Who answers the economic questions in a pure market economy?

• The Government

• It is based on supply and demand in the marketplace.

• it based on who sells the most in the market