Econ of cuba, mex, brazil

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Econ of cuba, mex, brazil

  1. 1. Good Mafternoon! 4/1/14 EQ: What do the economies of Mexico, Brazil and Cuba in common? How are they different? HW: Study Guide #1-10 SPONGE 1. Pick up a handout from (blue tray) glue on page 69. 2. Update your TOC 3. On page 68 begin creating a word splash around the word “economics" (need a reminder of how to do it- look at page 67) Date # Title 4-1 68 Econ Wordsplash 4-1 69 LA- Economies of Mex, Cuba, Brazil 4-1 70 Study Guide
  2. 2. Economics
  3. 3. Line of Continuum Directions 1. Read each Economic situation and determine where you think the countries fall on the line of continuum 2. Individual 3. use PENCIL Remember WHISPER
  4. 4. Mexico, Brazil, & Cuba Unit 8/9 Notes Comparing Latin American Economies
  5. 5. • How many basic types of economic systems are there? • 3 • Name the economic systems. • mixed, Command, Market • Which economic system is the most common throughout the world? • Mixed.
  6. 6. 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!
  7. 7. Federative Republic of Brazil
  8. 8. How does Brazil answer the 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? Mixed-Market
  9. 9. United Mexican States
  10. 10. How does Canada answer the 3 Economic Questions? • What to Produce? – Businesses decide • 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? Mixed-Market
  11. 11. Republic of Cuba
  12. 12. How does Cuba answer the 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? Command
  13. 13. Pure Market Pure Command Cuba 28% Brazil 57% Canada 81% Australia 82% Mexico 67% USA 77%
  14. 14. Let’s Review! 1. What are the 4 economic systems? • Traditional, Market, and Command 2. Which Latin American country has a command economy? • Cuba 2. Which two Latin American countries have a Mixed-market economy? • Brazil and Mexico 3. Who makes the economic decisions in a command economy? • The government 4. What are the 3 economic questions that every country must answer? • What to produce? How to produce? and For whom to produce? 4. What type of economy do most democratic countries have? • Mixed-Market
  15. 15. Study Guide Directions 1. 10 Seconds to choose a partner (someone you haven’t worked with this year) 2. Using your resources complete your study guide.  Coachbook pages 66-86  Weebly notes  BYOT Remember WHISPER
  16. 16. 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
  17. 17. United Mexican States
  18. 18. 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?…
  19. 19. Mexico’s Economic System • Mexico has a Mixed economic system, that is closer to market than command.
  20. 20. Mexico’s Natural Resources • What’s available? –petroleum, silver, copper, gold, lead, zinc, natural gas, timber
  21. 21. Mexico’s Land Use • What percentage of the land is arable (capable of being farmed)? –12.66%
  22. 22. 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.
  23. 23. 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
  24. 24. 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%
  25. 25. Mexico’s GDP • $1.578 trillion (2008) • GDP Per Capita--What is the value of goods and services produced per person? –$14,400 (2008)
  26. 26. Federative Republic of Brazil
  27. 27. 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?…
  28. 28. Brazil’s Economic System • Brazil has a Mixed economic system
  29. 29. Brazil’s Natural Resources • What’s available? –bauxite, gold, iron ore, manganese, nickel, phosphates, platinum, tin, uranium, petroleum, hydropower, timber
  30. 30. Brazil’s Land Use • What percentage of the land is arable (capable of being farmed)? –6.9%
  31. 31. 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
  32. 32. 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
  33. 33. Brazil’s Unemployment Rate • What percentage of people do not have jobs? –8% • What percentage of people live in poverty? –22%
  34. 34. Brazil’s GDP • $2.03 trillion (2008) • GDP Per Capita--What is the value of goods and services produced per person? –$10,300 (2007)
  35. 35. Republic of Cuba
  36. 36. 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?…
  37. 37. Cuba’s Economic System • Cuba has a Command economic system
  38. 38. Cuba’s Natural Resources • What’s available? –cobalt, nickel, iron ore, chromium, copper, salt, timber, silica, petroleum, arable land
  39. 39. Cuba’s Land Use • What percentage of the land is arable (capable of being farmed)? –27.63%
  40. 40. Cuba’s Industries • What’s being produced in the factories? –sugar, petroleum, tobacco, construction, nickel, steel, cement, agricultural machinery, pharmaceuticals
  41. 41. 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
  42. 42. Cuba’s Unemployment Rate • What percentage of people do not have jobs? –1.8%
  43. 43. Cuba’s GDP • $144.6 billion (2008) • GDP Per Capita--What is the value of goods and services produced per person? –$12,700 (2008)
  44. 44. Government Scenarios
  45. 45. 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.
  46. 46. 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.
  47. 47. 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.
  48. 48. 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.
  49. 49. 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.
  50. 50. 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.
  51. 51. Cheat Sheet Directions 1. Working with your group, read and complete the graphic organizer on page 66 of your ISSN. 2. Make sure to answer questions 1-5 at the bottom. Remember WHISPER
  52. 52. 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
  53. 53. Venn Diagram Directions 1. Working with your group, create a triple venn diagram on your group whiteboard 2. when you finish, take a picture and "turn in" to edmodo (let me know if you need my iPad) Remember WHISPER
  54. 54. 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

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