Mexico, Brazil, & Cuba

Unit 8/9 Notes

*The price of 1 country’s currency compared to another…*1 US dollar = 11 Mexican pesos

*1 US dollar = 1.8 Brazilian reals

*1 US dollar = .92 Cuban pesos

*What to Produce?*Businesses decide and government approves/denies it

*How to produce it?*Businesses decide & government regulates procedures

*For whom to produce?*Businesses decide based on supply & demand (price)

*Which economic system does Mexico have?…

*Mexico has a Mixed economic system, that is closer to market than command.

*What’s available?

*petroleum, silver, copper, gold, lead, zinc, natural gas, timber

*What percentage of the land is arable (capable of being farmed)?

*12.66%

*What’s being produced in the factories?*food and beverages, tobacco, chemicals, iron and steel, petroleum, mining, textiles, clothing, motor vehicles, consumer durables,

*Tourism is also a major industry in Mexico.

*What percentage of people over the age of 15 can read and write?

*91%

*How long are students required to stay in school?

*13 years

*What percentage of people do not have jobs?

*4.1% (however, only 61.1% of people working age have a job)

*What percentage of people live in poverty?

*18.5%

*$1.578 trillion (2008)

*GDP Per Capita--What is the value of goods and services produced per person?

*$14,400 (2008)

*What to Produce?*Businesses decide and government approves/denies it

*How to produce it?*Businesses decide & government regulates procedures

*For whom to produce?*Businesses decide based on supply & demand (price)

*Which economic system does Brazil have?…

*Brazil has a Mixed economic system

*What’s available?

*bauxite, gold, iron ore, manganese, nickel, phosphates, platinum, tin, uranium, petroleum, hydropower, timber

*What percentage of the land is arable (capable of being farmed)?

*6.9%

*What’s being produced in the factories?*textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel, aircraft, motor vehicles and parts, other machinery and equipment

*What percentage of people over the age of 15 can read and write?

*88.6%

*How long are students required to stay in school?

*14 years

*What percentage of people do not have jobs?

*8%

*What percentage of people live in poverty?

*22%

*$2.03 trillion (2008)

*GDP Per Capita--What is the value of goods and services produced per person?

*$10,300 (2007)

*What to Produce?*Government makes all economic decisions

*How to produce it?*Government decides how to make goods/services

*For whom to produce?*Whoever the government decides to give them to

*Which economic system does Cuba have?…

*Cuba has a Command economic system

*What’s available?

*cobalt, nickel, iron ore, chromium, copper, salt, timber, silica, petroleum, arable land

*What percentage of the land is arable (capable of being farmed)?*27.63%

*What’s being produced in the factories?*sugar, petroleum, tobacco, construction, nickel, steel, cement, agricultural machinery, pharmaceuticals

*What percentage of people over the age of 15 can read and write?

*99.8%

*How long are students required to stay in school?

*16 years

*What percentage of people do not have jobs?

*1.8%

*$144.6 billion (2008)

*GDP Per Capita--What is the value of goods and services produced per person?

*$12,700 (2008)