Economic Growth in Cuba Has Been Slow;what Can Best Explain

question 22

Multiple Choice

Economic growth in Cuba has been slow;what can best explain the slow growth?

• A)Lack of economic resources
• B)Lack of incentive mechanisms and economic freedom
• C)Labor productivity is low.
• D)A non-democratic form of government
• E)Too much competition within the economy

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Definitions:

Plant Asset

Long-lived, tangible assets used in the operations of a business, typically including buildings, machinery, and equipment.

Trade-in Allowance

The value offered by a seller for a buyer's existing asset as part of the payment for a new asset.

Accumulated Depreciation

The total amount of an asset's cost that has been allocated as depreciation expense over the asset's useful life.

Cost Basis

The original value or purchase price of an asset or investment for tax purposes, adjusted for stock splits, dividends, and return of capital distributions.