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11 October, 07:53

Nationalization of foreign-owned oil companies exemplified what in Latin America?

a. Economic Communism

c. Economic Reversal

b. Economic Socialism

d. Economic Nationalism

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Answers (2)
  1. 11 October, 08:04
    0
    The answer is D. Economic nationalism

    It's a policy to emphasize domestic control of the economy, in this case by nationalizing a foreign oil company so the country could easily gain more control for the foreign owned company
  2. 11 October, 08:13
    0
    Nationalization of foreign-owned oil companies exemplified economic nationalism - d.

    What happened was that certain countries in Latin America would nationalize the companies which weren't from the country in order for them to secure the money that was being taken away to go back into the country and stay there.
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