Problem
For 50 years, Cuba has had a centrally planned economy in which the government makes the big decisions on how resources will be allocated.
a. Why would you expect Cuba's production possibilities (per person) to be smaller than those of Canada?
b. What are the social institutions that Cuba might lack that help Canada to achieve allocative efficiency?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.