Use This Figure for the Questions That Follow

question 121

Multiple Choice

Use this figure for the questions that follow.

-What are the two largest cities in Latin America?

• A) Bogota, Colombia and Rio de Janeiro, Brazil
• B) Mexico City, Mexico and Sao Paulo, Brazil
• C) Quito, Ecuador and Caracas, Venezuela
• D) Buenos Aires, Argentina and Santiago, Chile
• E) Lima, Peru and Manaus, Brazil

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Definitions:

Economy

The system of production, distribution, and consumption of goods and services in a particular geographic region or country.

Factor Markets

Markets where services of the factors of production (notably labor, land, and capital) are bought and sold.

New York Mets

A professional baseball team based in New York City, part of the National League division of Major League Baseball.

Firm

A business organization, such as a corporation, partnership, or sole proprietorship, that sells goods or services for profit.