How are the fundamental economic decisions determined in Cuba? A. The United Nations decides because Cuba is a developing economy. B. The government decides because Cuba is a centrally planned economy. C. These decisions are made by the country's elders who have had much experience in answering these questions. D. Individuals, firms, and the government interact in a market to make these economic decisions.

Question

Social Studies

Moochie

28 September, 12:57

How are the fundamental economic decisions determined in Cuba? A. The United Nations decides because Cuba is a developing economy. B. The government decides because Cuba is a centrally planned economy. C. These decisions are made by the country's elders who have had much experience in answering these questions. D. Individuals, firms, and the government interact in a market to make these economic decisions.

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Answers (1)

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Franco Cooke · Answer 1

option B

Explanation:

The correct answer is option B

The economic decision in Cuba is taken by the government because Cuba is a centrally planned economy.

Cuba is a country which is comprised of small Island. Cuba is present in the Caribbean Sea.

Central planned economy is the economy in which the decision related to economic issues is taken by the central government.