Question

the following passage describes the economy of cuba. in cuba, government leaders control the economy. the government owns most of the means of production. more than three - quarters of the country work in the public sector. central planners set prices and determine production. cubans have low housing, food and transportation costs, and enjoy free education and health care. based on this description, which type of economic system does cuba have? a. socialist b. capitalist c. communist d. free market

Explanation:

In a socialist economy, the government controls the economy, owns the means of production, and there is central - planning. Cuba's government owning most means of production, central planners setting prices and production, and providing social welfare like free education and healthcare are characteristics of a socialist system. Capitalist economies have private ownership of means of production and market - driven prices. Communist economies are at a more advanced stage with no private property and按需分配. Free - market economies have minimal government intervention and rely on supply and demand.

Answer:

A. socialist