Order the answer to: For 50 years, Cuba has…
| Question | For 50 years, Cuba has had a centrally planned economy in which the government makes the big decisions on how resources will be allocated. a. Why would you expect Cuba’s production possibilities (per person) to be smaller than those of the United States? b. What are the social institutions that Cuba might lack that the United States to achieve allocative efficiency? |
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| Subject | business economics |
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