In the 1980s, Which Factor Contributed to Slow Growth in Latin

question 157

Multiple Choice

In the 1980s, which factor contributed to slow growth in Latin America countries?

• A) reliance on the drug trade
• B) excessive government intervention in the economy
• C) an overly high birth rate
• D) excessive reliance on the United States for foreign trade

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Definitions:

Special-Interest Effect

The phenomenon where policies or regulations are influenced primarily by a small, vocal group acting in its own interest, rather than the broader public interest.

Private-Sector Provision

Goods and services provided by businesses and private individuals rather than the government, often driven by profit.

Government Provision

The supply of goods or services by the government directly or through funding public institutions.

Rational-Ignorance Effect

The decision by individuals to remain uninformed about certain matters because the perceived cost of acquiring the information exceeds the expected benefit.