The Alliance for Progress, Which Intended to Improve Economic Growth

question 54

Multiple Choice

The Alliance for Progress, which intended to improve economic growth and democratic reforms in Latin America, was

• A) effectively implemented by American Peace Corps volunteers.
• B) effective economically but ineffective in developing pro-American sentiment in the region.
• C) generally disappointing in its development and implementation.
• D) weakened by the Kennedy administration's harsh policies toward Cuba.
• E) an incentive for growing Soviet intervention in the region.

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Definitions:

Basket Of Goods

A set of products and services, considered a representative sample, used to measure the change in overall price levels over time, such as in the calculation of inflation.

Purchasing-Power Parity

An economic theory that states that the exchange rate between two currencies is equal to the ratio of the currencies' respective purchasing powers.

Inflation

A rise in the general level of prices of goods and services in an economy over a period of time, eroding purchasing power.

Depreciate

A decrease in the value of an asset over time, often due to wear and tear or obsolescence.