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:

U.S. Job Market

The labor market in the United States, encompassing the supply of labor and demand for workers.

Average Education

The mean level of formal schooling completed by a population, often used as an indicator of human capital in economic studies.

Productivity Of Workers

A measurement of the efficiency and effectiveness of labor in producing goods and services, often quantified as output per worker.

Employment Opportunities

Employment opportunities refer to the availability of jobs and positions for individuals in the labor market, influenced by economic conditions, industry growth, and organizational needs.