6SW422 Article 7: Economic Systems of Cuba

Last Name, First Name

What type of economy does Cuba primarily have?

• Market economy
• Mixed-command economy
• Traditional economy
• Barter economy

What has been a significant factor limiting Cuba's economic growth?

• U.S. embargo
• High tourism rates
• Increased private ownership
• Oil exports

Which country has historically provided Cuba with discounted oil?

• United States
• Mexico
• Venezuela
• Brazil

What recent change has occurred in Cuba's economy?

• Complete government control
• Increased entrepreneurship
• Total privatization
• Decreased tourism

How much of Cuba's GDP is now made up of private business ownership?

• 10%
• 25%
• 50%
• 75%

What is one effect of the U.S. embargo on Cuba?

• Increased trade with Europe
• Boosted tourism
• Enhanced technological development
• Limited economic interaction with the U.S.

What role does technology play in Cuba's economy?

• It has no impact
• It hinders economic growth
• It promotes economic development
• It only benefits the government

What has the Cuban government done to improve technology access?

• Restricted internet access
• Promoted digital literacy
• Banned all technology
• Focused only on traditional industries

Which of the following is a challenge for small business owners in Cuba?

• High levels of economic freedom
• Abundant resources
• Strong competition
• Strict government regulations