Exports of tin and silver were the mainstays of the _______ economy for many decades. However, today, as the market for tin has declined, the country has become an exporter of other metallic ores, such as gold.

A. Ecuadorian
B. Bolivian
C. Peruvian
D. Colombian

The answer is the option B. Bolivian. Bolivia has historically been a single-product exporter country. In the past they exported tin and later silver. They continue having a mining based economy. Nowadays, their main commodities are gas and zinc. The market of tin collapsed in the '80s. Gold production and exports have increased enormously over the the past decade. Summarizing, by far the most important export product of Bolivia is gas, and they have increased the exports of other mining products like zinc, gold, silver. Other metals include antimony, iron and tungsten.

Answered by Greenleafable | 2024-06-11

I'm pretty sure this is B) Bolivian.

Answered by Anonymous | 2024-06-11

The answer to the question is B. Bolivian, as Bolivia historically relied on exports of tin and silver. However, with the decline of the tin market, the country has become an exporter of other metals like gold. This shift highlights the adaptability of the Bolivian economy to global market changes.
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Answered by Greenleafable | 2024-12-26