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
Generally, the total tax burden in the United States is much lower than that of other industrialize
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economic question