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. Economics

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. Mexico, Brazil, & Cuba
Unit 8/9 Notes
Comparing Latin
American
Economies

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. 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. Federative Republic of Brazil

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. United Mexican States

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. Republic of Cuba

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. Pure
Market
Pure
Command
Cuba
28%
Brazil
57%
Canada
81%
Australia
82%
Mexico
67%
USA
77%

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. 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. 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. United Mexican States

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. Mexico’s Economic System
• Mexico has a Mixed
economic system, that is
closer to market than
command.

20. Mexico’s Natural Resources
• What’s available?
–petroleum, silver, copper,
gold, lead, zinc, natural
gas, timber

21. Mexico’s Land Use
• What percentage of the
land is arable (capable of
being farmed)?
–12.66%

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. 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. 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. 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. Federative Republic of Brazil

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. Brazil’s Economic System
• Brazil has a Mixed
economic system

29. Brazil’s Natural Resources
• What’s available?
–bauxite, gold, iron ore, manganese, nickel,
phosphates, platinum, tin, uranium,
petroleum, hydropower, timber

30. Brazil’s Land Use
• What percentage of the land is arable
(capable of being farmed)?
–6.9%

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. 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. Brazil’s Unemployment
Rate
• What percentage of people do not have jobs?
–8%
• What percentage of people live in poverty?
–22%

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. Republic of Cuba

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. Cuba’s Economic System
• Cuba has a Command
economic system

38. Cuba’s Natural Resources
• What’s available?
–cobalt, nickel, iron ore, chromium,
copper, salt, timber, silica, petroleum,
arable land

39. Cuba’s Land Use
• What percentage of the land is
arable (capable of being
farmed)?
–27.63%

40. Cuba’s Industries
• What’s being produced in the
factories?
–sugar, petroleum, tobacco, construction,
nickel, steel, cement, agricultural machinery,
pharmaceuticals

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. Cuba’s Unemployment
Rate
• What percentage of people
do not have jobs?
–1.8%

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. Government Scenarios

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. 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. 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. 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. 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. 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. 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. 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. 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

55. 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