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
This painting depicts New Orleans in 1803, when the city was acquired—along with much of the modern
The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own
Indicators of Economic Development
Economic recession in 2008 saw a small decrease in demand
economic question