QUESTION IMAGE
Question
countries have strong differences in economic institutions: the u.s. is extremely __________, cuba has a __________ and canada is a mixture of both. high - income; low - income technological; shortage of technology market - oriented; command economy regulated; lack of regulation
Brief Explanations
To solve this, we analyze the economic institutions of the countries:
- The U.S. has a market - oriented economic system, where economic decisions are driven by market forces (supply and demand).
- Cuba has a command economy, where the government makes most economic decisions.
- The other options are incorrect:
- "high - income; low - income" refers to income levels, not economic institutions.
- "technological; shortage of technology" refers to technology availability, not economic systems.
- "regulated; lack of regulation" does not match the typical economic systems of the U.S. and Cuba (the U.S. has a market - oriented system with some regulation, and Cuba has a command economy, not a lack of regulation).
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C. market - oriented; command economy