Economic Factors
A country's economic strength is measured with.
What is gross domestic product or GDP
This is Mexico's most important resource.
What is petroleum?
Brazil's main natural resource is mining. True or False
What is false? Brazil's main resource is lumber.
These two minerals are important to Cuba's economy.
What are cobalt and iron ore?
GDP or gross domestic product represents the country's?
What is the total dollar value of all goods and services produced in one year?
This measurement determines the percentage of adults that can read and write in a country.
What is a literacy rate?
Name three key products produced by Mexico.
What is oil, wheat, soybeans, corn, and silver?
Name three key products produced by Brazil.
What is oil, wheat, soybeans, lumber, and coffee?
Name three key products produced by Cuba.
What is oil, sugar, tobacco, citrus, and coffee?
The materials and labor used to create goods and services.
What are productive resources?
These materials are man-made and used to produce goods and services.
What are capital goods?
Mexico invested this percentage of its GDP in education yearly.
What is 6%?
Brazil has free public education. Name two things that Brazil has done to invest in education.
What are invest 6% of its GDP, improve education for younger children, create job training programs, increase literacy and graduation rates?
Cuba invests this percentage of its GDP in education yearly.
What is 13%?
A person that is willing to take risks and start a new business
What is an entrepreneur?
These materials come from nature, such as land, forest, minerals, and water.
What are natural resources?
Mexico has invested heavily in education to increase its literacy rate and skilled workforce and to improve this area.
What is a higher standard of living??
Brazil has invested heavily in education to increase its literacy rate and skilled workforce and to improve this area.
What is standard of living?
Cuba's government prevents limits new businesses and strongly regulates its economy.
What is Communist?
Which productive resources can be a source of income when exported?
What is natural resources?
There are four main categories of productive resources.
What are natural resources, human capital, capital goods, and entrepreneurship?
The Mexican government heavily regulates new businesses and entrepreneurship. True or False
What is false?
The Brazilian government heavily regulates new businesses and entrepreneurship. True or False
What is true?
Cuba's commitment to public education, high literacy rates, and excellent universities has led to a higher standard of living for the country. True or False
What is false?
When a country invests in new machinery, technology, and new factories, they are investing in this productive resource
What are capital goods?