ajramos09
ajramos09 ajramos09
  • 03-02-2021
  • Geography
contestada

How are the Cuban, Mexican, and Brazilian economies different

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  • 03-02-2021

Answer:

Cuba is a communist country, and thus has a command economy. However, it is changing because the government is relaxing laws.

Both Mexico and Brazil own mixed economies, while Brazil has a larger population.

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

Thus, Mexico's currency is worth less.

All the mentioned countries rely on tourism for money.

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