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
