CONCEPTS
Define
Economy
A social science concerned with the production, distribution, and consumption of goods and services.
Under which economic model was there repression of the government against student movements?
Stabilizing Development model
Explain what the objective of the IMPORTS SUBSTITUTION MODEL was and how it was implemented?
Promoted the creation of new companies and factories to meet the demand of Mexican products.
Closed the boarders to imported goods to promote consuming Mexican products.
Define Communism
A political and economic doctrine that aims at replacing private property and a profit-based economy with public ownership and communal control of at least the major means of production and the natural resources of a society.
Name an economic indicator of the health of a country
Unemployment
In which Economic and political system the production of goods and services is based on supply and demand in the general market rather than through central planning
Capitalism
Name 2 economic models under the benefactor state
Imports Substitution Model
Stabilizing Development Model
Shared Development Model
Accelerated Development Model
It is the deliberate downward adjustment of a country's currency value.
Devaluation
Constant ordered and patterned relationships between the elements of a society.
Social Structure
There was a massive movement of “campesinos” to urban areas because of the lack of support to the sector. Industry sector received most of the support.
Imports Substitution
Its purpose is to take a complex, real-world situation and pare it down to the essentials
Economic Model
Name the presidents under the Imports Substitution Model
Miguel Avila Camacho
Miguel Alemán Valdez
How did the State control freedom of expression during the Imports Substitution Model?
By controlling the supply of paper
The cost of rent of an apartment is an example of...
a) Macroeconomics
b) Microeconomics
Microeconomics
Matanza de Tlatelolco -Who is believed to have ordered this? Why did he want to end the students' protests?
Gustavo Diaz Ordaz
Olympic games
Define
Surplus
an excess of production or supply.
Name the presidents that governed Mexico during the Stabilizing Development model
Adolfo Ruiz Cortines
Adolfo Lopez Mateos
Gustavo Diaz Ordaz
These countries are less industrialized, they have lower per capita income levels and have more imports.
Developing countries
Countries that are more industrialized and have higher per capita income levels.
Developed country
How is the Income per capita calculated?
GDP/population = Income per capita
It studies economy-wide phenomena such as inflation, price levels, rate of economic growth, national income, gross domestic product (GDP), and changes in unemployment.
Macroeconomics
What does GDP stand for?
Gross Domestic Product
A ________________________ is an organized effort by a large group of people to achieve a common goal, typically to bring about or resist social, political, economic, or cultural change.
Social Movement
Compare Mexico of the 30's and the 40's
teacher evaluates the asnwer
Name 3 characteristics of UNDERDEVELOPMENT
Low income per capita
poverty (widely spread)
lower level of literacy
low life expectancy
Low living standard
Underutilisation of resources