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WorksheetsSS6E1 Latin America Economic Systems
Total questions: 15
Worksheet time: 8mins
Which Caribbean nation is an example of rule by one?
Cuba
Haiti
Jamaica
Trinidad
This is the strongest economy of all the South American countries
Venezuela
Colombia
Cuba
Brazil
What type of economic system does Brazil have?
Mixed
Market
Traditional
Command
All countries have some form of mixed economy. What type of mixed economic system does Cuba have?
Market
Traditional
Command
This country is the #1 producer of coffee in the world
Brazil
Mexico
Bolivia
Cuba
Which action would do the MOST to make Cuba’s economic system more like Brazil’s?
increasing incentives to trade
decreasing personal income tax rates
decreasing government involvement in key industries
increasing per capita income by not allowing a free market
Who makes economic decisions in a command economy?
market
producers
consumers
government
What three economic questions are asked when studying the similarities of traditional, command, market, and mixed economies among nations of the world?
What to produce, why to produce, when to produce?
What is your opportunity cost, what economic resources are needed, why should these resources be used?
What to produce, how to produce, and for whom to produce?
What is your opportunity cost, why are economic resources needed, when should these resources be used?
Which of the following would reflect a country with a mixed economy?
Prices and wages are solely regulated by a country’s government.
A combination of privately-owned industry and government control.
A country’s distribution of resources is based on inheritance.
Prices and wages are determined by the laws of supply and demand rather than being regulated by a country’s government.
What do the economic systems of Brazil and Mexico have in common?
Both are examples of pure market economies.
Both are examples of mixed economies.
Both are examples of traditional economies.
Both are examples of command economies.
Which numbers show the proper labeling of Brazil, Mexico, and Cuba?
Cuba, Brazil, Mexico
Mexico, Brazil, Cuba
Mexico, Cuba, Brazil
Brazil, Cuba, Mexico
What are the three economic systems?
Market, Mixed, and Traditional
Market, Command, and Mixed
Traditional, Command, and Market
Who answers the three basic economic questions in a command economy?
Consumers
Community traditions
Government
Who answers the three basic economic questions in a market economy?
Consumers/Businesses
Community traditions
Government
What is a mixed economy mixed with?
Traditional and Market
Command and Traditional
Market and Command
