ECONOMICS
BARRIERS TO TRADE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Brazil
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Cuba
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Canada
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Mexico
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Detailed explanation-1: -Cuba, because the Cuban government directly controls almost all industries in Cuba.
Detailed explanation-2: -In 2020, Venezuela was the country that had the lowest economic freedom score. With a score of only 3.32 the country is far behind the second lowest scoring country, Sudan with 4.21. Zimbabwe and Syria can also be found at the bottom of the list with a score of 4.48 and 4.63 respectively.
Detailed explanation-3: -The economy of Cuba is a mixed command economy dominated by state-run enterprises.
Detailed explanation-4: -The economy of Cuba is based primarily on the service sector. Foreign investment is possible in Cuba via joint ventures. Cuban citizens can own small businesses privately. Cuba has skilled medical workers that provide services in neighbouring countries.
Detailed explanation-5: -The five countries with the least-free market economies in 2022 were Zimbabwe, Sudan, Cuba, Venezuela, and North Korea.