How is the economy of Mexico different from the economies of most Central American countries?
Responses
A Mexico has a mixed economy, while most Central American countries have a command economy.
B Mexico's economy is primarily centered on tourism, while most Central American countries are focused on manufacturing.
C Mexico's economy is much larger and diverse than the economies in Central America.
D Mexico's economy include a larger percentage of farmers than those in Central America.
C Mexico's economy is much larger and diverse than the economies in Central America.
C Mexico's economy is much larger and diverse than the economies in Central America.
The correct answer is C: Mexico's economy is much larger and diverse than the economies in Central America.
To arrive at this answer, we can compare the economies of Mexico and most Central American countries by considering their size, diversity, and focus.
First, consider the size of the economies. Mexico has the second-largest economy in Latin America, after Brazil, and is one of the largest economies in the world. On the other hand, Central American countries, such as Guatemala, Honduras, El Salvador, Nicaragua, and Costa Rica, have relatively smaller economies.
Next, consider the diversity of the economies. Mexico has a broad and diverse range of industries, including manufacturing, services, oil, tourism, agriculture, and more. This diversity allows Mexico to be less dependent on any one industry and provides more opportunities for growth. In contrast, most Central American countries tend to have smaller and more limited economies, with a focus on industries such as agriculture, maquiladoras (manufacturing), and tourism to a lesser extent.
Therefore, the correct answer is C: Mexico's economy is much larger and diverse than the economies in Central America.