Which statement about the economic systems of Mexico and Cuba is true? Question 1 options: Mexico has a socialist system and Cuba has a free market system. Mexico has a free market system and Cuba has a socialist system. Both countries have a socialist system. Both countries have a free market system

Respuesta :

Mexico is in a trade agreement with the US (NAFTA), so it is likely that it would have the same economic system as the US - a free market system. 

Cuba is known to be different from the US, and in fact it has a planned economy - a socialist economy - this means that the prizes are determined by the government and not by the demand and supply. 

The correct answer is
Mexico has a free market system and Cuba has a socialist system.