Economic Systems
This economic system is most closely related to communist countries.
Command economy
This trade barrier places a tax on foreign goods.
Tariff
This system has more separation between executive and legislative branches.
Presidential democracy
Investment in education is investment in this.
Human capital
As a small island with few natural resources, Cuba must do this.
Import more products
This economic system includes both private businesses and government control.
Mixed economy
This trade barrier limits the number of imports.
Quota
In this system, citizens vote for legislators who then choose the head of government.
Parliamentary democracy
Building factories and using new technology is investment in this.
Capital goods
This country specializes in oil production.
Mexico
In this system, prices and wages are determined by supply and demand.
Market economy
For almost 50 years, the United States refused to trade with Cuba. This policy is called this.
Embargo
In Brazil and Mexico, citizens vote for members of these two branches.
Legislative and executive branches
Outdated technology and inefficient factories slow the growth of this.
GDP
This country is described as having outdated technology and inefficient factories.
Cuba
In this system, distribution of resources is based on customs and inheritance.
Traditional economy
What does USMCA do?
Free trade agreement
In this country, one leader and one political party hold all government power.
Cuba
A person who opens their own business is called this.
Entrepreneur
The chief executive title in Cuba, Brazil, and Mexico is this.
President
Brazil and Mexico have more characteristics of this type of economy.
Market economy
A government where citizens’ rights and freedoms are limited and one leader has power
Autocratic government
People exchange currency for this reason.
To buy and sell goods and services with other countries
The relationship where higher literacy leads to higher this.
Standard of living
This country has the largest economy in Latin America.
Brazil