ECONOMIC DEVELOPMENT OF LATIN AMERICA STUDY GUIDE. Which Latin American country has a command economy? . Cuba. Which country has an embargo or does not allow trade with Cuba? . United States. Which country has the healthiest economy in South America? . Brazil.
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The countries of Latin America use a variety of currencies, or types of money. Why is it important to have a system in place for exchanging currencies?
Mexico and Brazil have market economies. True or false: In a market economy, companies produce goods and consumers decide what to purchase.
The citizens of a country contribute to its economy. A person in Brazil who starts a new company in the tourism business could be called what?
South American countries now have more diversified economies than they did in the past. Many foreign companies have made investments in the mining and petrochemical industries. These are examples of which kind of capital?
The relationship between the literacy rate and standard of living in Latin America is important because __________________________.