Until the twentieth century, Brazil's economy was characterized by:
A) its economic isolation.
B) various "export cycles," such as the sugar, gold, and coffee cycles.
C) a stagnant economy that was never able to shift from its dependence on coffee exports.
D) a growing middle class based on the growth of local industry.
Correct Answer:
Verified
Q3: Adam Smith (1776) famously criticized the "mercantilists"
Q4: Brazil was colonized in 1500 by:
A) Spain
B)
Q5: Brazil's first major export was:
A) coffee
B) sugar
C)
Q6: During its colonial era, Brazil's economy:
A) developed
Q7: After its independence, Brazil:
A) continued to depend
Q9: During its colonial era and its early
Q10: Why did colonial Brazil begin importing slaves
Q11: Brazil's economic policies after the 1930 crash
Q12: Brazil's import substitution industrialization policies after World
Q13: Brazil's "Law of Similars" stated that:
A) imports
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