friday, 3/2 write your homework in your agenda glue your government vocab that is being passed out...
TRANSCRIPT
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
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
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 Natural Resources
What’s available?– petroleum, silver, copper, gold, lead, zinc,
natural gas, timber
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
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 Natural Resources
What’s available?– bauxite, gold, iron ore, manganese, nickel,
phosphates, platinum, tin, uranium, petroleum, hydropower, timber
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)
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 Natural Resources
What’s available?– cobalt, nickel, iron ore, chromium, copper,
salt, timber, silica, petroleum, arable land
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