Which of the Following Helps to Explain Why Privileged Elites

question 29

Multiple Choice

Which of the following helps to explain why privileged elites in Latin America held more political and economic power than elites in the United States?

• A) There were fewer immigrants to Latin America, so old colonial elites had no challengers.
• B) Large estate holders in Latin America controlled far more of the richest lands to produce export crops.
• C) There were fewer Amerindian and peasant uprisings in Latin America, and fewer challenges to the ruling elites.
• D) The threat of revolts in the homesteader frontiers in Latin American created the need for stronger central government.

---

Definitions:

Journal Entry

A record that represents the business transactions in the accounting books, involving at least one debit and one credit.

Stocks And Bonds

Financial instruments representing ownership in a company (stocks) or a debt agreement (bonds) from an issuer to the holder.

Journal Entry

A record in accounting that reflects a business transaction, listing the accounts and amounts to be debited and credited.

Fair Value

The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.