Which of the following was NOT a result of the discovery of large oil reserves in Mexico during the 1970s?

Question

a. These reserves allowed the government to embark upon substantial investment programs in virtually all sectors of the Mexican economy.
b. These reserves allowed Mexico to finance initiatives to reduce poverty and halt declining agricultural productivity.
c. These reserves allowed the government to address, at least initially, some of the problems brought about by import substitution industrialization.
d. These reserves resulted in Mexico becoming increasingly vulnerable to international economic fluctuations in the demand for and price of oil.
e. These reserves increased the power of privileged interest groups in Mexico and their ability to influence government policy.

Answer 1

e