Cuba is a command economy that suffered decline in economic growth because of a cut in support from the former Soviet Union when it collapsed.As a consequence,Cuba:
A) experienced a shift outward in its production possibilities curve.
B) experienced a shift inward in its production possibilities curve.
C) moved along its existing production possibilities curve.
D) went to a point inside its production possibilities curve.
Correct Answer:
Verified
Q121: Q122: A nation can increase its production possibilities Q123: Macroeconomics is concerned with the whole economy Q124: If the marginal benefits are greater than Q125: From the "economic perspective," people make purposeful Q127: The concave,or bowed-out,shape of the production possibilities Q128: The economizing problem arises from the conflict Q129: Suppose there are two economies,Alpha and Beta,which Q130: The four factors of production are land,labor,capital,and Q131: The marginal cost curve for a product![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents