ECONOMICS
BARRIERS TO TRADE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Brazil
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Cuba
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Venezuela
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Mexico
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Detailed explanation-1: -Tourism benefited Cuba very early on. The sector began to develop in 1915, especially in Havana which was then the most touristic city in the Caribbean.
Detailed explanation-2: -The short answer is yes. However, unlike your neighbors traveling to Cuba from Canada, Americans are subject to certain restrictions. Since “tourism” technically isn’t allowed, your trip must fall into an authorized travel category. You’ll also be subject to certain financial restrictions while on the island.
Detailed explanation-3: -As relations between Cuba and the United States deteriorated rapidly after the Cuban Revolution of 1959 and the resulting expropriation and nationalisation of businesses, the island became cut off from its traditional market by an ongoing embargo and a travel ban was imposed on U.S. citizens visiting Cuba.
Detailed explanation-4: -Cuba is open for travel, and it’s generally safe to travel to Cuba. However, amid the COVID-19 pandemic, you must comply with additional entry requirements and travel restrictions. Additionally, if you are traveling from the US, you may be subject to further restrictions imposed by the US government.