Uruguay's primary economic influence was export of livestock. Select the responses below that identify and explain the impact of changes in export of livestock on the culture and economy in Uruguay. In the twentieth century, the economy of Uruguay was ruined.

Lack of modernization and industrialization affected the ability for Uruguay to maintain its strong economy over time.

During times of depression in other countries, the economy of Uruguay suffered because of decreased livestock export.

During the nineteenth century, Uruguay was able to reallocate wealth in the country due to success of exports.

pls be more elaborate

the correct answer is “opportunity cost”. opportunity cost is what a company misses out because it decided in one option over another one. in this case, the company decided to invest in building a factory so it gave up another possible benefit or profit in order to achieve success with the factory.  

trade-off is not the correct answer since it is a situation in which you accept losing something in return for benefits in other areas.

and finally, consequence is a general term used to accept what it comes when you make a decision. it can be a positive or negative consequence depending if the decision you took was the correct one.  

there are no answer given

explanation: