Cuba Basics
What country is implementing the reforms?
A. Mexico
B. Cuba
C. Jamaica
D. Haiti
B. Cuba
How many reforms did Cuba announce?
A. 76
B. 126
C. 176
D. 276
C. 176
What type of economy combines government control with market activity?
A. Command
B. Traditional
C. Mixed
D. Barter
C. Mixed
Who can now be hired directly by private Cuban businesses?
A. Tourists
B. Cuban workers
C. Government officials
D. Foreign politicians
B. Cuban workers
What are Cuba’s reforms mainly trying to attract?
A. More government control
B. Foreign investment
C. Less international trade
D. More state-owned businesses
B. Foreign investment
What year did the Cuban Revolution occur?
A. 1949
B. 1955
C. 1959
D. 1963
C. 1959
What can private businesses now do more directly?
A. Hold elections
B. Hire their own workers
C. Print money
D. Make laws
B. Hire their own workers
Cuba is moving from a command economy toward a:
A. Traditional economy
B. Mixed economy
C. Pure command economy
D. Subsistence economy
B. Mixed economy
Which industry could benefit from private travel agencies?
A. Mining
B. Tourism
C. Military
D. Education
B. Tourism
What continues to limit many U.S. businesses from operating in Cuba?
A. Cuba’s location
B. European Union laws
C. U.S. sanctions and the embargo
D. Lack of workers
C. U.S. sanctions and the embargo
What type of economy has Cuba traditionally had?
A. Market economy
B. Command economy
C. Mixed economy
D. Traditional economy
B. Command economy
What can businesses now use abroad with fewer government restrictions?
A. Military bases
B. Foreign banks
C. Embassies
D. Foreign governments
B. Foreign banks
Making it easier for foreign money and goods to enter Cuba demonstrates:
A. Higher tariffs
B. Economic isolation
C. Declining trade & investment barriers
D. Nationalization
C. Declining trade & investment barriers
Who could have more opportunities to invest money in Cuban businesses?
A. Only Cuban citizens
B. Foreign investors
C. Only the Cuban government
D. Tourists
B. Foreign investors
Which country, along with China, is an example of communist political control existing alongside market-based economic policies?
A. Canada
B. Brazil
C. Vietnam
D. France
C. Vietnam
What political system does Cuba still maintain?
A. Two-party democracy
B. Monarchy
C. Multiparty democracy
D. Single-party communist system
D. Single-party communist system
The reforms make it easier for private businesses to participate in:
A. Elections
B. Military operations
C. International trade
D. Government appointments
C. International trade
Keeping communist political control while introducing market policies demonstrates:
A. Privatization
B. Comparative advantage
C. Globalization of production
D. Political-economic interdependence
D. Political-economic interdependence
Which group gains more freedom to set wages and employment terms?
A. The U.S. government
B. Foreign governments
C. Private Cuban companies
D. The military
C. Private Cuban companies
What is one major goal of allowing businesses to handle more hiring, banking, and trade themselves?
A. Increase state control
B. Stop foreign investment
C. Give businesses more economic freedom
D. Eliminate private businesses
C. Give businesses more economic freedom
Which city is the capital of Cuba?
A. Santiago
B. Miami
C. Havana
D. Nassau
C. Havana
Before the new reforms, private companies generally had to go through what to hire workers?
A. Foreign banks
B. Tourism agencies
C. State employment agencies
D. Private universities
C. State employment agencies
Cuba’s reforms show that a country can change its economic system without necessarily changing its:
A. Currency
B. Geography
C. Population
D. Political system
D. Political system
Which group could benefit from Cuba removing requirements to invest through state-controlled partnerships?
A. Cuban politicians
B. Tourists
C. Government employees
D. Foreign banks and investors
D. Foreign banks and investors
Which statement BEST summarizes Cuba’s reforms?
A. Cuba is completely abandoning communism
B. Cuba is eliminating private businesses
C. Cuba is becoming a free-market democracy
D. Cuba is loosening economic control while keeping its political system intact
D. Cuba is loosening economic control while keeping its political system intact