The Cuban Revolution

question 17

Multiple Choice

The Cuban Revolution

• A) provided help only for the large ranchers and owners of sugar plantations.
• B) achieved notable success in programs related to health and education.
• C) ended Cuba's reliance on sugar production.
• D) was not affected economically by the fall of Communism in Europe and the Soviet Union.
• E) led to a steep decline in the nation's health and education standards.

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Definitions:

Real Exchange Rate

The price of one country's currency in terms of another currency, adjusted for inflation, which reflects the purchasing power between the two countries.

Surplus

The situation in which the quantity of a good or service supplied is more than the quantity demanded.

Import Quotas

Restrictions set by a government on the quantity of goods that can be imported into a country.

Net Exports

The value of a country's total exports minus its total imports, representing the net effect of foreign trade on an economy.