Latin America Economic Systems

Dropdown

In a traditional economy, the ​

Select answer

and ​

Select answer

have been passed down from generation to generation.

Multiple Choice

A traditional economy would consist of ......

• people trading goods and services

• people using money to purchase items

• people selling items for cash

• people w

Multiple Choice

In a ________ Economy, the government regulates all of the country’s economic decisions: prices of goods, wages of workers, goods to be made, etc.

• Market

• Command

• Traditional

• Mixed

Multiple Choice

This system answers the three economic questions based on supply and demand in the marketplace.

• Mixed

• Free Market

• Command

• Traditional

Multiple Choice

Since there are really no countries with either a “pure command” or a “pure market” economy, what does that make them?

• Mixed

• Free Market

• Command

• Traditional

Match

Match the following

• Command

• Mixed Market

• Free Market

100% Government Controlled, 0% Private

50% Government Controlled, 50% Private

100% Privately Controlled 0% Government

• 100% Government Controlled, 0% Private

• 50% Government Controlled, 50% Private

• 100% Privately Controlled 0% Government

Open Ended

Why would it be good for the government to control some aspects of the economy?

Multiple Choice

Mexico has a _____economic system that is about 65% free and 35% command

• Mixed

• Free Market

• Command

• Traditional

Multiple Choice

True or False.

In Mexico’s mixed market economy, citizens are generally free to make most economic decisions themselves.

• True

• False

Multiple Choice

The government operates the _____-industry, a leading source of income for the country.

• Fashion

• Oil

• Car

• Movie

Multiple Choice

Brazil has a mixed economic system that is about ____% free and 47% command.

• 53

• 43

• 63

• 23

Multiple Choice

A number of industries like electricity, oil, mining, water, and telecommunications are _______. 

• Privately-owned

• State-run

• owned by foreigners

• owned by the USA

Multiple Choice

As a result, Brazil’s economy has been growing rapidly and is now ranked the _____th-largest economy in the world.

• 4

• 9

• 10

• 20

Multiple Choice

Cuba has _______ market economy.

• Mixed

• Free Market

• Command

• Traditional

Multiple Choice

Cuba’s economy is only 23% free and ____% controlled.

• 66

• 77

• 44

• 22

Multiple Choice

More than ____% of Cuba’s workforce is employed by the central government.

• 70

• 80

• 95

• 99

Word Cloud

What do you notice about the picture?

Open Ended

What do you think the picture represents?