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:

Unemployment

The situation when individuals who are capable of working and are actively seeking employment are unable to find a job.

Production Possibilities Curve

A curve depicting all maximum output possibilities for two goods, given a set of inputs and technology.

Unemployment Rate

The fraction of the labor market actively in pursuit of work but is currently jobless.

Opportunity Cost

The expense associated with giving up the second-best choice in favor of opting for the preferred alternative in any decision-making process.