Latin America Economy

What is an example of Humans Capital 

• Factories 
• Education 
• Shoes 
• Hair bows 

What is an example of natural resources? 

• Coffee
• Cars 
• Shoes 
• Computers 

What does GDP stand for? 

• Gross Daily Persons 
• Grain Digging Product 
• Gross Domestic Product 
• Gas Diesel Prices 

What is a command economy? 

• All decisions made by government 
• All decisions made by the people, NO government. 
• Has some government involvement 
• Based on customs and Traditions 

Mexico is closer to a Market economy that a Command economy

• True
• False 

What is literacy rate? 

• Where countries have the least amount of power 
• % of a population over 15 who can read and write 
• Gross Domestic Products 
• An example of Human Capital 

What type of economy does Cuba have? 

• Market 
• Command
• Unitary 
• Autocracy 

What does Gross in GDP mean ?

• Total value 
• The country 
• Products & Services 
• The people 

What does it mean when a country has a mixed economy?

• It is only command 
• It is a little of command and market 
• It is only market
• It is only federal 

If a country doesn't have a lot of natural resources does it import a lot of stuff or export a lot of stuff? 

• It exports a lot of stuff 
• It imports a lot of stuff