Which of the Following Describes How the Movement Toward Industrialization

question 21

Multiple Choice

Which of the following describes how the movement toward industrialization in the nineteenth century affected Latin America?

• A) The commercial activities of private entrepreneurs in Latin America financed the region's industrialization.
• B) Governments in Latin America encouraged manufacturing industries through state subsidies and tax breaks.
• C) Latin America exported textiles,machinery,tools,weapons,and luxury goods to the United States and Europe.
• D) Latin America provided the food products,raw materials,and markets for industrializing countries.

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Definitions:

Bond Issue

The process by which a corporation or government raises funds by selling bonds to investors.

Effective Interest Method

A technique used in accounting to allocate the interest expense or income of a bond over its lifetime based on the bond's carrying amount at each interest period.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.