Friday, 3/2 Write your homework in your agenda Glue your Government vocab that is being passed out...

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Friday, 3/2 Write your homework in your agenda Glue your Government vocab that is being passed out to page 136 Open to page 131-your Target Time Write and answer the following question Why is a mixed economy called a

Transcript of Friday, 3/2 Write your homework in your agenda Glue your Government vocab that is being passed out...

Friday, 3/2

Write your homework in your agenda

Glue your Government vocab that is being passed out to page 136

Open to page 131-your Target Time

Write and answer the following question– Why is a mixed economy called a “mixed”

economy?

Monday, 3/5

Write your homework in your agenda

Open to page 138- Label it Target Time

Write and answer the following question– Identify the economic system for each of

the following countries:• Mexico, Brazil, and Cuba

Get out your study guide

Comparing Latin American Economies

Mexico, Brazil, & Cuba

Foreign Exchange Rates

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

United Mexican States

3 Economic Questions…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’s Economic System

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

Mexico’s Natural Resources

What’s available?– petroleum, silver, copper, gold, lead, zinc,

natural gas, timber

Mexico’s Land Use

What percentage of the land is arable (capable of being farmed)?– 12.66%

Mexico’s Industries

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.

Mexico’s Literacy Rate

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

Mexico’s Unemployment Rate

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%

Mexico’s GDP

$1.657 trillion (2011)– U.S. GDP $15 trillion

GDP Per Capita--What is the value of goods and services produced per person?– $15,100 (2011)– U.S. GDP per capita: $48,100

Federative Republic of Brazil

3 Economic Questions…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’s Economic System

Brazil has a mixed economic system.

Brazil’s Natural Resources

What’s available?– bauxite, gold, iron ore, manganese, nickel,

phosphates, platinum, tin, uranium, petroleum, hydropower, timber

Brazil’s Land Use

What percentage of the land is arable (capable of being farmed)?– 6.9%

Brazil’s Industries

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

Brazil’s Literacy Rate

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

Brazil’s Unemployment Rate

What percentage of people do not have jobs?– 8%

What percentage of people live in poverty?– 22%

Brazil’s GDP

$2.5 trillion (2008)

GDP Per Capita--What is the value of goods and services produced per person?– $11,600 (2011)

Republic of Cuba

3 Economic Questions…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’s Economic System

Cuba has a command economic system.

Cuba’s Natural Resources

What’s available?– cobalt, nickel, iron ore, chromium, copper,

salt, timber, silica, petroleum, arable land

Cuba’s Land Use

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

Cuba’s Industries

What’s being produced in the factories?– sugar, petroleum, tobacco, construction,

nickel, steel, cement, agricultural machinery, pharmaceuticals

Cuba’s Literacy Rate

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

Cuba’s Unemployment Rate

What percentage of people do not have jobs?– 1.8%

Cuba’s GDP

$144.1 billion (2010)

GDP Per Capita--What is the value of goods and services produced per person?– $9,900 (2010)