Latin American Economics Study Guide

What type of economic system do most democratic countries have?

• Traditional

• Command

• Market

• Mixed

Mixed economies - Which country does not belong in this category?

• Mexico

• Venezuela

• Cuba

• Brazil

Which economy is typically the best to live in?

• traditional

• command

• market

• mixed

In this type of economy, people, such as some of the tribes in the Amazon, make their own clothes and grow their own food.

• command economy

• traditional economy

• market economy

• mixed economy

In this type of economic system, the government owns the businesses and decides what will be made and sold.

• market

• command

• mixed

• traditional

In which type of economy does 'supply and demand' decide what will be produced and there are no government regulations?

• command

• traditional

• market

• mixed

In this type of economy, people can own their own business and sell whatever products they want, but the government does make some regulations.

• command

• traditional

• market

• mixed

Mexico has which type of economy?

• command

• market

• mixed

• traditional

Brazil has which type of economy?

• traditional

• command

• market

• mixed

Which type of economy does Cuba have?

• traditional

• command

• market

• mixed