What Was a Major Consequence of the Structural Adjustment-Type Bailout

question 58

Multiple Choice

What was a major consequence of the structural adjustment-type bailout program in Middle and South America?

• A) The number of people living in poverty declined.
• B) Public spending on public health,education,and infrastructure was reduced.
• C) Large U.S.investment houses suffered huge losses that were not recovered.
• D) High-tech industries began to flourish in the region.

---

Definitions:

Production

The process of creating goods or services by combining various inputs like labour, materials, and machinery.

Circular-Flow Diagram

A graphical representation of the economic system illustrating the circulation of money between households and companies through various markets.

Market

A forum where buyers and sellers come together to exchange goods, services, or information.

Goods and Services

Goods and services encompass all the physical items and intangible benefits that are produced and consumed to satisfy human wants and needs.