The 1962 Missile Crisis

question 16

Multiple Choice

The 1962 missile crisis:

• A) led to the use of the first nuclear bomb in the western hemisphere.
• B) demonstrated Castro's remarkable military capacity.
• C) led to a cooling off of the relationship between Cuba and the Soviets.
• D) was resolved through compromises by both the American and Soviet sides.

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Definitions:

Few Competitors

A market situation characterized by a limited number of businesses or entities providing similar products or services, often leading to less competition.

Huge Investment

The allocation of a significant amount of capital or resources into a project, asset, or venture expecting future gain.

Oligopoly

A market structure characterized by a small number of firms controlling a large majority of the market share, often leading to limited competition.

Structural Unemployment

People who remain unemployed for long periods of time, often with little hope of finding new jobs like their old ones.