Map Analysis – The Economy of Latin America and the Caribbean, ca. 1900

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. Looking at the many primary products produced by Latin American countries during this time period, which statement below best describes the economy of Latin America c. 1900?

The economy was diversified, with a mixture of manufacturing, agriculture, and services. correct incorrect

The economy was focused heavily on exporting commodities. correct incorrect

The economy suffered from a trade imbalance and imported most of its primary products from the United States and Europe correct incorrect

The economy suffered from labor shortages as slavery was steadily abolished throughout the region. correct incorrect

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. By 1912, the production of rubber, which formerly was restricted to a single Latin American country, had spread to Asia, ending this country's monopoly. Which country lost its monopoly?

Brazil correct incorrect

Argentina correct incorrect

Venezuela correct incorrect

Peru correct incorrect

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