Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

question 2 (1 point) listen countries have strong differences in econom…

Question

question 2 (1 point) listen 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

Explanation:

Brief Explanations

The question focuses on economic institution types. The U.S. has an economy driven by private markets with limited central control, so it is market-oriented. Cuba has an economy where the central government controls most production and resource allocation, which is a command economy. Canada combines elements of both market and command systems, matching the description. The other options focus on income levels, technology, or regulation, which do not describe the core economic institution differences here.

Answer:

market-oriented; command economy