Cuba has a low score because it restricts private property rights and business freedom. This low rating of 28 out of 100 indicates that the country has significant limitations on individual economic choices, with a command economy that prioritizes state control over the economy. The lack of private property rights and restrictions on business activities reflect the characteristics of a centrally planned economy, which is typical of a dictatorship following a revolution. The U.S. embargo further complicates trade and economic interaction, contributing to the overall lack of economic freedom in Cuba.
Question
Look at Cuba's page on this website which ranks countries based on their levels of economic freedom (the freedom to make choices in buying and selling goods).
What do you think about Cuba's rating of 28 out of 100, where 100 is the most free and 0 is the most restrictive? What does this say about Cuba's economy type?
Remember, Cuba had a revolution resulting in it becoming a dictatorship with a command economy. The U.S placed an embargo on trade with Cuba after the revolution.
(1 point)
Responses
Cuba has a high score because of its trade with other countries and many independent businesses
Cuba has a high score because of its trade with other countries and many independent businesses
Cuba has a low score because it restricts private property rights and business freedom
Cuba has a low score because it restricts private property rights and business freedom
Cuba has a high score because of its post-Communist economic freedom and liberty of citizens
Cuba has a high score because of its post-Communist economic freedom and liberty of citizens
1 answer