Juan Perón's Return in 1974 Brought a New Economic Policy

question 45

Multiple Choice

Juan Perón's return in 1974 brought a new economic policy called the Social Contract that called for

• A) higher wages for workers.
• B) a wage and price freeze.
• C) an end to foreign ownership of Argentine industry.
• D) a professionalization of the military.

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Definitions:

Domestic Investment

Investment in the financial assets and physical infrastructure within a country's own borders.

National Saving

The sum of private and public savings in an economy, representing the total amount of savings generated within a country.

Budget Deficit

The financial situation where an entity's expenditures exceed its revenues.

Import Quotas

Government-imposed limits on the quantity or value of goods that can be imported into a country.