Latin America Flashcards
What is Mexico’s most valuable resource?
Oil
What are the 3 economic questions that every country must answer?
What to produce, How to produce, and for whom to produce
What type of economic system do most democratic countries have?
Mixed
In a free market economy, what do private citizens and businesses base their economic decisions on?
Supply and demand of the marketplace
What type of government does Mexico have?
Presidential Democracy
What economic system does Cuba have?
Command
What was the War on Drugs?
US government’s attempt to stop illegal drug trade by going after the suppliers in Latin America
What does the term poverty mean?
It is the state of being extremely poor and not being able to meet basic needs.
What type of economic system does Brazil have?
Mixed
What does bicameral mean?
Having 2 branches or chambers
Fidel Castro was what type of leader?
Dictator
A presidential democracy is used in which country? Australia Canada Mexico United Kingdom
Mexico
Which country requires most adults to vote? Cuba Brazil Mexico United States
Brazil
What is scarcity?
Limited supply of something
What is Gross Domestic Product (GDP)?
The total value of all goods and services produced in a country in one year
There are 4 factors that determine a country’s GDP for the year, name 1?
Natural resources
Human capital
Capital goods
Entrepreneurship
What is the most populated city in Mexico?
Mexico City
Which mountains in Mexico surround the city and trap in polluted air?
Sierra Madre Mountains
What is deforestation?
Cutting down a widespread of trees
Describe northern Mexico’s climate?
Hot and dry with little rainfall
Why do many Mexicans live in Mexico City and the surrounding area?
Because of the jobs available in factories