ECONOMICS
TRADE EXCHANGE AND INTERDEPENDENCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Quota
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Tariff
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Embargo
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None of the above
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Detailed explanation-1: -Following the Cuban Missile Crisis of October 1962, Kennedy imposed travel restrictions on February 8, 1963, and the Cuban Assets Control Regulations were issued on July 8, 1963, again under the Trading with the Enemy Act, in response to Cuba hosting Soviet nuclear weapons.
Detailed explanation-2: -In February 1962, President John F. Kennedy proclaimed an embargo on trade between the United States and Cuba, in response to certain actions taken by the Cuban Government, and directed the Departments of Commerce and the Treasury to implement the embargo, which remains in place today.
Detailed explanation-3: -Foreign investment and trade Cuba’s primary import partner is Venezuela. The second-largest trade partner is Canada, with a 22% share of the Cuban export market.
Detailed explanation-4: -Afghanistan. Belarus. China. Crimea. Cuba. Eritrea. Iran. Myanmar. More items