1. Mexico, Brazil, & Cuba
Unit 8/9 Notes

2. *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

4. *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?…

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

6. *What’s available?
*petroleum, silver,
copper, gold, lead, zinc,
natural gas, timber

7. *What percentage of the
land is arable (capable of
being farmed)?
*12.66%

8. *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.

9. *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

10. *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%

11. *$1.578 trillion (2008)
*GDP Per Capita--What is the value of
goods and services produced per
person?
*$14,400 (2008)

13. *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?…

14. *Brazil has a Mixed
economic system

15. *What’s available?
*bauxite, gold, iron ore, manganese,
nickel, phosphates, platinum, tin,
uranium, petroleum, hydropower, timber

16. *What percentage of the land is
arable (capable of being farmed)?
*6.9%

17. *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

18. *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

19. *What percentage of people do not have
jobs?
*8%
*What percentage of people live in poverty?
*22%

20. *$2.03 trillion (2008)
*GDP Per Capita--What is the value of goods
and services produced per person?
*$10,300 (2007)

22. *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?…

23. *Cuba has a Command
economic system

24. *What’s available?
*cobalt, nickel, iron ore, chromium,
copper, salt, timber, silica,
petroleum, arable land

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

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

27. *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

28. *What percentage of
people do not have jobs?
*1.8%

29. *$144.6 billion (2008)
*GDP Per Capita--What is the value of
goods and services produced per
person?
*$12,700 (2008)