[6A] Economic Systems: Latin America (SS6E1a)

Front

A traditional economy is based on_________.

Back

tradition

Front

A traditional economy largely depends on ________.

Back

Agriculture

Front

In which type of economy does the government make all of the decisions?

Back

Command

Front

A command economy is typically operated by _______.

Back

Dictator

Front

In a command economy, the people own all the businesses.

Back

False

Front

Which of the following is a negative aspect of command economies?
Based on supply and demand,
The citizens make all of the money,
The citizens often regulate the economy,
The government limits entrepreneurship.

Back

The government limits entrepreneurship.

Front

Which type of economy does Mexico have?

Back

Mixed

Front

Mexico has an economy based on: Limited trade, Government control, Minimal trade, trade, manufacturing, services and finance

Back

trade, manufacturing, services and finance

Front

Brazil has a mixed economy

Back

True

Front

A traditional economy is a simple economy based on tradition.

Back

True