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Author Question: How are the fundamental economic decisions determined in Cuba? A) The United Nations decides ... (Read 71 times)

burchfield96

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on: Jun 29, 2018
How are the fundamental economic decisions determined in Cuba?
 
  A) The United Nations decides because Cuba is a developing economy.
  B) These decisions are made by the country's elders who have had much experience in answering these questions.
  C) The government decides because Cuba is a centrally planned economy.
  D) Individuals, firms, and the government interact in a market to make these economic decisions.

Question 2

Refer to Figure 2-11. Which country has a comparative advantage in the production of cotton?
 
  A) Pakistan B) Indonesia
  C) They have equal productive abilities. D) neither country


cat123

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


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