Geography 322 - Geography of Latin America » Fall 2019 » Quiz 3 Cycles of Economic Change

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Question #1
It has been argued that Latin America was more integrated into the world economy at the end of the 19th century than it is today.
A.   TRUE
B.   FALSE
Question #2
The Modern/Liberal Period was characterized by:  
A.   a commodity lottery which largely determined which countries fared well
B.   the rapid growth of industry in Latin America.
C.   a mostly urban population
D.   the absence of foreign investment
Question #3
The Import-Substitution Period was precipitated by: 
A.   The Great Depression and World War II
B.   over-reliance on exporting primary goods
C.   excessive foreign investment
D.   the end of colonialism
Question #4
A substantial middle class was built during the Import Substitution Industrialization (ISI) period.
A.   TRUE
B.   FALSE
Question #5
Which of the following contributed to the demise of ISI? 
A.   an abundance of high quality products that were too expensive for locals
B.   an absence of natural resources in the region
C.   a continued reliance on foreign technology and investment, despite efforts to become more self-sufficient
D.   not enough workers to fill the jobs
Question #6
Neoliberalism:
A.   encouraged greater state involvement in the economy
B.   is the complete antithesis to the Modern/Liberal period
C.   was based on the notion of improving efficiency
D.   closed off the region to foreign investment
Question #7
Neoliberalism was first introduced in Latin America under a military dictatorship.
A.   TRUE
B.   FALSE
Question #8
The Post-Neoliberal Era:
A.   has yet to have any meaningful impact
B.   encourages free market reforms such as privatization
C.   was instigated by growing poverty and inequality during the Neoliberal period
D.   can trace its origins to social unrest in Mexico during the 1990s
Question #9
Brazil's Bolsa Familia:
A.   encourages young people to work to support their families
B.   receives financial support from the World Bank
C.   has not spread beyond the largest cities
D.   has widened inequality
Question #10
The USAN (Union of South American Nations):
A.   encourages the creation of several trade blocs in South America
B.   is heavily criticized by leaders such as Hugo Chavez and Evo Morales
C.   has its origins in the ideas of Simon Bolivar
D.   began in 2010 and has had great success

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