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.

Question

Quizplus · Accepted Answer

The collapse of the Soviet Union led to a reduction in resources and support for Cuba, causing a decrease in its production capacity, which is represented by an inward shift of the production possibilities curve.

Cuba Is a Command Economy That Suffered Decline in Economic