In 1950,Brazil's Economy Was Roughly the Same Size as Nicaragua's

question 131

Multiple Choice

In 1950,Brazil's economy was roughly the same size as Nicaragua's.Today,Brazil's economy is almost five times as large as Nicaragua's.Which of the following most likely explains this difference based on the main drivers of economic growth discussed in the textbook?

• A) Nicaragua was too reliant on foreign aid,whereas Brazil was far more economically independent.
• B) Brazil greatly limited international trade,whereas Nicaragua opened its borders to imports and exports.
• C) Brazil supported institutions like property rights,which tend to foster growth,whereas Nicaragua did not.
• D) Brazil's economy was largely agricultural,whereas Nicaragua's was industrial.
• E) Nicaragua had excessively high tax rates,but Brazil kept its taxes low and competitive.

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Definitions:

Noble Republic

A term often used to describe the Polish-Lithuanian Commonwealth between the 16th and 18th centuries, characterized by a unique system of elective monarchy and a strong nobility (szlachta).

Military Tactics

The methods and strategies used by armed forces during combat to defeat opponents.

Eighteenth Century

The period from 1701 to 1800 in the Gregorian calendar, marked by significant developments in areas such as enlightenment philosophy, political revolutions, and the early stages of the industrial revolution.

Liberum Veto

A political practice in the Polish-Lithuanian Commonwealth allowing any member of the parliament to force an immediate end to the current session and nullify any legislation that had been passed by vetoing it.