Cuba and Economics

What are the three economic questions to ask?

• what to produce

• where to produce

• what food should be made for dinner

• how much to produce

• for whom to produce

What TWO key terms describe HIGH government control?

• unlimited

• limited

• commands

• freedoms

What TWO key terms describe LOW government control?

• unlimited

• limited

• commands

• freedoms

A __________ _________ makes all economic decisions.

The government owns _________ _______

The government _________________ how much to charge.

Also known as a ______________ economy.

A market economy is a system that is controlled by _____________ ____________ _______________.

_____________________ look for the lowest prices.

Centered around a ______________