Term
| 1. What does a strong and increasing Mexican economy mean to emigration? |
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Definition
| It may provide enough jobs to encourage a significant number of Mexicans to stay in their home country. |
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| 2.How would a strong Mexican economy benefit the U.S.? |
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Definition
| Mexico likely would continue to buy more from the U.S. if its economy continued to improve. It could also ease turmoil along the U.S.-Mexican border |
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| 3.What are Mexico's primary commodity imports? (name 3) |
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Definition
| metalworking machines, steel mill products, agricultural machinery, electrical equipment, car parts, and aircraft parts |
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| 4.What are Mexico's primary commodity exports? (name 3) |
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Definition
| manufactured goods, oil and oil products, silver, fruits, vegetables, coffee, cotton |
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| 5. Which trade organization has had the greatest affect on Mexico? |
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Definition
| North American Free-Trade Agreement |
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| 6.What is Mexico's currency? |
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Definition
| Mexican Peso with 100 centavos to each peso |
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| 7.What is Mexico's approximate exchange rate with the US in 2007? |
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Definition
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| 8.Mexico's economy can best be described as what? |
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Definition
| Mexico has a free market economy increasingly dominated by the private sector. |
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Term
| 9.How can a Free Market Economy be best described? |
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Definition
| A free market is where all economic decisions and actions by individuals regarding transfer of money, goods, and services are voluntary through supply and demand. The government practices laissez-faire policy. |
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| 10. Who is Mexico's primary importer of goods? |
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Definition
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| 11. What percentage of Mexico’s exports goes the United States of America? |
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Definition
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| 12. What are the 5 components of Mexico's GDP? |
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Definition
purchasing power parity official exchange rate real growth rate per capita (PPP) composition by sector |
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| 13. Mexico has one of the largest economies in the world; what position does it hold in the global list as measured by nominal gross domestic product? |
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Definition
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| 14. Mexico has how many trade agreements that involve over 40 countries? |
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Definition
| Mexico has 12 free trade agreements. |
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| 15. What percentage of Mexico's trade is done under the umbrella of Free Trade Agreements? |
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Definition
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| 16. What is the per capita income of Mexico in relation to the United States? |
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Definition
| Per capita income is one-fourth that of the US |
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| 17. In regards to rank, Mexico has the (#) largest economy in Latin America. |
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Definition
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| 18. What is the percentage of Mexicans that are living in extreme poverty? |
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Definition
| 18% is considered to live in extreme poverty. |
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Term
| 19. Mexico's economic growth between 2000-2007 is around ___ percent? |
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Definition
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Term
| 20. Explain some ways that Mexican policies have benefited the economy. |
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Definition
• tributary law-- eliminates the asset tax (IMPAC) and the possible unification of the income tax applicable to individuals with business activities. • tax deduction on cash deposits and new regulations regarding the presentation of reports for value added tax. • insolvency and bankruptcy law-- make the process of reorganization more accessible |
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