SS6E1 LA Economic Systems

Which letter represents Cuba on the economic continuum below?

• Letter A
• Letter B
• Letter C
• Letter D

Which letter represents Brazil on the economic continuum below?

• Letter A
• Letter B
• Letter C
• Letter D

Which characteristic BEST describes Mexico's economy?

• Traditional
• Command-leaning
• Market-leaning
• Pure Market

Which of the following would reflect Brazil's mixed economy?

• Prices and wages are solely regulated by the country’s government.
• A combination of privately-owned businesses and government regulations.
• The country’s distribution of resources is based on inheritance.
• All economic decisions are based on customs and beliefs of ancestors.

Why are most economies referred to as “mixed economies”?

• There are not any traditional economic systems left.
• Government planners no longer have complete control over command systems.
• Economic poverty is too great in a pure market system.
• Most countries have aspects of both market and command economies.

What is an accurate title for this list?

• Market Economy
• Traditional Economy
• Command Economy
• Mixed Economy

The economies of Mexico and Brazil can be best described as:

• Market.
• Traditional.
• Command.
• Mixed.

Which country on the economic continuum below is the MOST free from government control?

• The country at Letter A
• The country at Letter B
• The country at Letter C
• The country at Letter D

Which Latin American country has a command-leaning economic system?

• The country at Letter A
• The country at Letter B
• The country at Letter C

Mexico has a market-leaning economic system that is 63% free and 37% command. Where would Mexico be located on the economic continuum?

• Letter A
• Letter B
• Letter C
• Letter D