Which of the Following Is True of the Economic Relationship

question 50

Multiple Choice

Which of the following is true of the economic relationship between the United States and Mexico by 1910?

• A) American capitalists owned Mexico's railroads and mines.
• B) Porfirio Diaz had begun to nationalize American investments in Mexico.
• C) American investors had begun to divest themselves of their business interests because of violent, anti-American demonstrations.
• D) Mexico had ceased to be an economic satellite of the United States.

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Definitions:

Demand Inelastic

When the quantity demanded of a good or service is relatively unchanged in response to price changes.

Directly Related

A situation where two variables move in the same direction, meaning if one increases, the other also increases and vice versa.

Price Inelastic

Describes a situation where the demand for a good is not significantly affected by changes in its price.

Farm Incomes

The earnings generated from the operation of a farm, including profits from selling agricultural products.