106k views
24 votes
How are the Cuban, Mexican, and Brazilian economies different

1 Answer

10 votes

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.

User MadLax
by
9.5k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories