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:

Cultural Dimensions

Frameworks or models that describe the effects of a society's culture on the values of its members, and how these values relate to behavior.

Social Norms

Shared standards of behavior considered acceptable by a group or society.

Leading In Crisis

The practice of guiding and supporting an organization through times of extreme, tumultuous, and often unexpected challenges or dangers.

Sacrifices

Actions of giving up something valued for the sake of other considerations or for the benefit of others.