B. Wealthier Europeans often exploited Latin America.
Explanation:
The effect that Latin America's reliance of trade with the West have on the region's economy was that it brought about exploitation by wealthier Europeans.
Latin America was heavily reliant on trading with the West and this created an avenue for wealthy Europeans to exploit Latin America.
C. Latin America could set high prices for staple items.
Explanation:
the pf text book states:
"Argentina responded and started producing more essential food staples. Because there was a decreased supply of staple goods from the West, prices increased and boosted the Latin American economies. "
