QuestionAugust 18, 2025

Why did Mexico's economy suffer after its oil discovery boom? It spent too little It lacked technology Oil prices dropped The peso became too strong

Why did Mexico's economy suffer after its oil discovery boom? It spent too little It lacked technology Oil prices dropped The peso became too strong
Why did Mexico's economy suffer after its oil discovery boom?
It spent too little
It lacked technology
Oil prices dropped
The peso became too strong

Solution
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Answer

Oil prices dropped Explanation 1. Identify the key economic factor Mexico's economy suffered due to external market conditions affecting oil revenue. 2. Analyze the impact of oil prices The drop in oil prices reduced national income from oil exports, impacting the economy negatively.

Explanation

1. Identify the key economic factor<br /> Mexico's economy suffered due to external market conditions affecting oil revenue.<br /><br />2. Analyze the impact of oil prices<br /> The drop in oil prices reduced national income from oil exports, impacting the economy negatively.
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