Question

11. What effect did Latin America's reliance of trade with the West have on the region's economy?
a. Latin American could set high prices for staple items
b. Prices of goods were more easily stabilized
c. Wealthier Europeans often exploited Latin America
d. Prices of goods were subject to fluctuate widely

Answer 1

Answer:

Prices of goods were subject to fluctuate widely

Explanation:

he reduced foreign demand for Latin American goods caused gold and foreign exchange to flow out of Latin America faster than they came in. Thus, internal deflation added to the impact of the collapse of exports. The collapse of exports led to a great fall in employment.