After watching the video on Cuba’s economy, discuss the following:
1. Can Cuba effectively become a free market economy?
2. Could the US benefit from lifting the embargo on Cuba?
3. What are Cuba’s comparative advantages relative to the US?
4. What impact does the embargo have on Cuba?
5. What do multiple trade theories have to say about Cuba?

Answer rating: 100% (QA)

In my perception it is hard for Cuba to be a free market as they have a small labor force population ... View the full answer