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Econ govt cheat sheet
- 1. Good Mafternoon! 3/31/15 EQ: How are the econ/gov't of Brazil, Mexico and Cuba alike? How are they different? HW: Study Island SPONGE 1. Update TOC 2. On page 89, read the descriptions of economies of Latin America and place them correctly on the line DateDate ## TitleTitle 3-31 89 Econ Line of Continuum 3-31 90 Econ/Gov't Cheat Sheet
- 3. Scenario Challenge Directions 1. Number the VERY top of page 90 #1-6 2. With your partner-go around to each scenario and see if you can figure it out what type of gov’t the scenario is describing. 3. You will have 1 minute per scenario before you switch so work quickly Remember WHISPER
- 5. Scenario 1- Since its 1988 constitution, Brazil has divided its country into twenty-six states and a central government district. The states are then broken into over 5,500 municipalities, which are like counties. All these political units have a local government that has its own laws and taxes. Brazilians vote for representatives at each level. The central government will not allow any states or municipalities to be independent or break away from the country’s national government.
- 6. Scenario 2- For only three years beginning in 1836, the countries of Bolivia, North Peru, and South Peru attempted a government system in which the three countries created a loose union that shared power as well as ruled themselves. Neighboring countries, including Argentina and Chile, were alarmed about this new government and a war followed that ended this shared government system between Bolivia and Peru.
- 7. Scenario 3- Established in 1993, the European Union (EU) is an economic and political union of twenty-seven independent countries, or member states, which has a foundation from the European Economic Community. The EU has allowed a single free trade market where all member states are guaranteed freedom of movement of people, goods, services, and capital. Most EU countries have adopted a common currency, called the euro. While it is governed by the EU Commission and Parliament over the union’s common interests, each country still controls its independently-run government.
- 8. Scenario 4- Costa Rica is a peaceful, democratic republic where power is only given by the central government, based in San Jose, the capital city. The seven provinces have leaders, but the laws and taxes of the central government have full control over the regional division.
- 9. Scenario 5- Since its 1917 constitution, Mexico has had a central government based in its capital, Mexico City, and thirty-one states that also have their own state governments. Citizens vote for their representatives on three government levels: the central, state, and municipal governments.
- 10. Scenario 6- Fidel Castro took power as dictator over Cuba and made it communist in 1959 after leading the Cuban Revolution. Under this government system, only one political party was in control and only one person, Castro, made all decisions for the citizens. The laws he established from Havana, the capital, were to be followed by the entire country.Â
- 11. Directions 1. With your partner, use your notes, coachbook and BYOT to help you complete your graphic organizer. By the end, you should have created a little review "Cheat Sheet" (It is FRONT and BACK) If you finish early:If you finish early: Option A- pick up a study guide from the RED tray and begin working on it Option B- Study Island Option C- Create a Kahoot! Review game
- 12. Brazil Mexico Cuba Full Name of Country Government System Type of Citizen participation Chief executive How long does “CE” serve? Do citizens vote? What are the qualificaitons for voting? Personal Freedoms # of Political parties
- 13. Mexico Brazil Cuba Who owns the businesses and farms? Who decides what to produce and how much to produce? Who decides how goods and services will be produced? Who decides distribution methods and prices for goods and services? Who decides the prices for goods and services? How are property rights protected? How difficult is it to start your own business? Who owns the businesses and farms? Who decides what to produce and how much to produce?
- 14. TOTD- On an Index card 3-Things you learned today 2- questions you still have 1-thing I want to learn more about OR think should be on the test
- 16. Mexico, Brazil, & Cuba Unit 8/9 Notes Comparing Latin American Economies
- 17. • How many basic types of economic systems are there? • 33 • Name the economic systems. • mixed, Command, Marketmixed, Command, Market • Which economic system is the most common throughout the world? • Mixed.Mixed.
- 18. Economic Continuum • A group of financial experts set up a rating system to help us understand how much command and market each country has in it. • This Index of Economic Freedom gives each country a number that can be plotted on a economic continuum. The United States has an Economic Freedom number of 77.6. Since this number is closer to the market side of the continuum, we label the U.S. as a Mixed-Market Economy. • Now, lets compare the economies of Brazil, Mexico, Canada, and Cuba!
- 19. Federative Republic of Brazil
- 20. How does Brazil answer the 3 Economic Questions? • What to Produce? – BusinessesBusinesses decide and government approves/deniesgovernment approves/denies it • How to produce it? – Businesses decideBusinesses decide & government regulatesgovernment regulates procedures • For whom to produce? – BusinessesBusinesses decide based on supply & demand (price) • Which economic system does Brazil have? Mixed-MarketMixed-Market
- 22. How does Canada answer the 3 Economic Questions? • What to Produce? – BusinessesBusinesses decide • How to produce it? – Businesses decideBusinesses decide & government regulatesgovernment regulates procedures • For whom to produce? – BusinessesBusinesses decide based on supply & demand (price) • Which economic system does Mexico have? Mixed-MarketMixed-Market
- 23. Republic of Cuba
- 24. How does Cuba answer the 3 Economic Questions? • What to Produce? – GovernmentGovernment makes all economic decisions • How to produce it? – GovernmentGovernment decides how to make goods/services • For whom to produce? – Whoever the government decidesgovernment decides to give them to • Which economic system does Cuba have? CommandCommand
- 26. Let’s Review! 1. What are the 4 economic systems? • Traditional, Market, and CommandTraditional, Market, and Command 2. Which Latin American country has a command economy? • CubaCuba 2. Which two Latin American countries have a Mixed-market economy? • Brazil and MexicoBrazil and Mexico 3. Who makes the economic decisions in a command economy? 1.1. The governmentThe government 2. What are the 3 economic questions that every country must answer? 3.3. What to produce? How to produce? and For whom to produce?What to produce? How to produce? and For whom to produce? • What type of economy do most democratic countries have? 2.2. Mixed-MarketMixed-Market
- 27. 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
- 29. 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?…
- 30. Mexico’s Economic System • Mexico has a Mixed economic system, that is closer to market than command.
- 31. Mexico’s Natural Resources • What’s available? –petroleum, silver, copper, gold, lead, zinc, natural gas, timber
- 32. Mexico’s Land Use • What percentage of the land is arable (capable of being farmed)? –12.66%
- 33. 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.
- 34. 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
- 35. 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%
- 36. Mexico’s GDP • $1.578 trillion (2008) • GDP Per Capita--What is the value of goods and services produced per person? –$14,400 (2008)
- 37. Federative Republic of Brazil
- 38. 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?…
- 39. Brazil’s Economic System • Brazil has a Mixed economic system
- 40. Brazil’s Natural Resources • What’s available? –bauxite, gold, iron ore, manganese, nickel, phosphates, platinum, tin, uranium, petroleum, hydropower, timber
- 41. Brazil’s Land Use • What percentage of the land is arable (capable of being farmed)? –6.9%
- 42. 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
- 43. 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
- 44. Brazil’s Unemployment Rate • What percentage of people do not have jobs? –8% • What percentage of people live in poverty? –22%
- 45. Brazil’s GDP • $2.03 trillion (2008) • GDP Per Capita--What is the value of goods and services produced per person? –$10,300 (2007)
- 46. Republic of Cuba
- 47. 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?…
- 48. Cuba’s Economic System • Cuba has a Command economic system
- 49. Cuba’s Natural Resources • What’s available? –cobalt, nickel, iron ore, chromium, copper, salt, timber, silica, petroleum, arable land
- 50. Cuba’s Land Use • What percentage of the land is arable (capable of being farmed)? –27.63%
- 51. Cuba’s Industries • What’s being produced in the factories? –sugar, petroleum, tobacco, construction, nickel, steel, cement, agricultural machinery, pharmaceuticals
- 52. 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
- 53. Cuba’s Unemployment Rate • What percentage of people do not have jobs? –1.8%
- 54. Cuba’s GDP • $144.6 billion (2008) • GDP Per Capita--What is the value of goods and services produced per person? –$12,700 (2008)
Editor's Notes
- 6th Grade- This information is meant to be used in conjunction with the 6th and 7th grade Teacher Notes. For additional resources, go to GeorgiaStandards.org. (Note: This is not an expectation for students to memorize numbers, but to understand that factors that influence specific countries to move more towards a command or market economy). The numbering system is based on The Heritage Foundation’s Economic Freedom Index 2009 The Heritage Foundation is a conservative organization that has partnered with the Wall Street Journal for over a decade to evaluate each country based on a set of 10 criteria to determine economic freedom. Update information using resources listed in the Teacher Notes.
- 6th Grade- This information is meant to be used in conjunction with the 6th and 7th grade Teacher Notes. For additional resources, go to GeorgiaStandards.org. (Note: This is not an expectation for students to memorize numbers, but to understand that factors that influence specific countries to move more towards a command or market economy). The numbering system is based on The Heritage Foundation’s Economic Freedom Index 2009 The Heritage Foundation is a conservative organization that has partnered with the Wall Street Journal for over a decade to evaluate each country based on a set of 10 criteria to determine economic freedom. Update information using resources listed in the Teacher Notes.