About this Study Set
This study set covers South America Holidays through
20 practice questions.
Explore the economic impact of upcoming holidays and recent shifts in key South American markets, focusing on tourism, exports, and major industries. Every question includes the correct answer so you can learn as you go — pick any format above to get started.
Questions & Answers
Browse all 20 questions from the
South American Economic Shifts: Holiday Tourism & Export Trends Analyzed study set below.
Each question shows the correct answer — select a study format above to practice interactively.
1
Which South American country is projected to continue leading international tourism in the region in 2025, showing a significant increase in foreign visitors compared to the previous year?
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A
Argentina
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B
Brazil
-
C
Chile
-
D
Colombia
2
What percentage of Ecuador's flower exports, a major contributor to its economy, were roses between 2016 and 2020?
3
In 2019, how much revenue did the Buenos Aires Tango Festival and World Championship generate for the city's recreational and commercial circuit?
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A
USD 100 million
-
B
USD 680 million
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C
USD 80 million
-
D
USD 1 billion
4
Which of the following is a primary export product for Ecuador, significantly impacting its economy?
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A
Coffee
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B
Petroleum
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C
Flowers
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D
Bananas
5
As of recent data, which South American nation's economy heavily relies on hydroelectric power generated by the Itaipu Dam, with approximately 10% of its public revenues derived from royalties related to binational hydroelectric facilities?
-
A
Brazil
-
B
Argentina
-
C
Paraguay
-
D
Colombia
6
In 2024, Machu Picchu generated approximately how much USD in direct revenue, with a significant portion coming from entrance fees and Inca Trail permits?
-
A
$10 million
-
B
$30 million
-
C
$40 million
-
D
$60 million
7
What is the primary driver of tourism demand in Latin America, according to recent analyses?
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A
Adventure sports
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B
Natural landscapes
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C
Cultural attractions
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D
Beach resorts
8
Which South American country is the third-largest coffee producer globally, with coffee being a significant source of income for over 500,000 families?
-
A
Brazil
-
B
Colombia
-
C
Peru
-
D
Ecuador
9
During the 2016-2020 period, what percentage of Ecuador's flower exports were destined for the United States, Russia, and the Netherlands combined?
10
What significant economic event impacted Argentina's tango business, leading to fewer tourists and difficulties for those earning a living from dance?
-
A
A surge in international demand
-
B
A rise in inflation and economic struggles
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C
Increased government subsidies for artists
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D
A decline in global interest in tango
11
Which major South American holiday, celebrated on September 7th, marks a pivotal moment of independence and is accompanied by renewed economic strength, with GDP growth accelerating?
-
A
Argentina's Independence Day
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B
Brazil's Independence Day
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C
Colombia's Independence Day
-
D
Peru's Independence Day
12
The Itaipu Dam is a crucial economic element for which South American country, supplying a significant portion of its electricity needs and contributing substantially to its public revenues?
-
A
Chile
-
B
Uruguay
-
C
Paraguay
-
D
Venezuela
13
What is the main export product for Ecuador, contributing over USD 1.2 billion to its economy annually?
-
A
Shrimp
-
B
Bananas
-
C
Flowers
-
D
Oil
14
In 2025, international visitor spending in Latin America is projected to increase by what percentage, surpassing its 2019 levels?
-
A
2.7%
-
B
10.2%
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C
20%
-
D
5.7%
15
Which festival in Bolivia, dedicated to the Aymara god of abundance, Ekeko, generates significant economic activity through the sale of miniatures and reflects the country's rising affluence?
-
A
Carnaval de Oruro
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B
Alasitas Fair
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C
Inti Raymi
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D
Virgen de la Candelaria
16
What percentage of Paraguay's electricity needs were met by the Itaipu Dam in 2018, highlighting its critical role in the country's economy?
-
A
8.72%
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B
15%
-
C
90%
-
D
45%
17
Which South American country, a major exporter of table grapes, had its grape exports to the United States significantly boosted by the recent approval of a 'systems approach' protocol that allows for export without fumigation?
-
A
Brazil
-
B
Argentina
-
C
Chile
-
D
Peru
18
What significant challenge has the Ecuadorian flower industry faced in recent years, impacting its export value to major markets like Russia and the US?
-
A
A decrease in global demand
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B
Increased competition from European growers
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C
A dramatic fall in trade with key importing countries
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D
Oversaturation of the market with roses
19
In 2024, what was the approximate GDP growth rate for Brazil, signaling sustained economic vitality?
-
A
3.4%
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B
5.7%
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C
2.7%
-
D
8.72%
20
Which South American country's tourism sector has shown strong post-pandemic recovery, exceeding pre-pandemic levels in 2023, with significant investments in airport infrastructure?
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A
Venezuela
-
B
Ecuador
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C
Colombia
-
D
Bolivia
