CUBA IS A COMMAND ECONOMY THAT SUFFERED DECLINE IN ECONOMIC GROWTH...

126. - TEST BANK FOR ESSENTIALS OF ECONOMICS 3RD EDITION BY BRUE
TEST BANK FOR ESSENTIALS OF ECONOMICS 3RD EDITION BY BRUE
126.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:experienced a shift outward in its production possibilities curve.→ experienced a shift inward in its production possibilities curve.moved along its existing production possibilities curve.went to a point inside its production possibilities curve. AACSB: AnalyticBlooms: UnderstandDifficulty: 2 MediumLearning Objective: 01-05 Apply production possibilities analysis; increasing opportunity costs; and economic growth.Topic: Unemployment, growth, and the futureMultiple Choice Question