How Are the Fundamental Economic Decisions Determined in Cuba

question 99

Multiple Choice

How are the fundamental economic decisions determined in Cuba?

• A)Individuals,firms,and the government interact in a market to make these economic decisions.
• 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)The United Nations decides because Cuba is a developing economy.

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Definitions:

Certified Cheque

A cheque guaranteed by a bank, indicating that the funds are available and have been set aside for the payee.

Bill Drawn

A document requesting the payment of money, typically used in international trade, specifying the amount and terms of payment.

Drawee

is the party, often a bank, required to pay the monetary amount specified in a check or draft.

Endorsers

Individuals who sign their names on documents, such as checks or contracts, to indicate support, approval, or transfer of ownership.