- 1. What is the primary resource that Venezuela's economy heavily depends on?
A) Oil
B) Gold
C) Coal
D) Copper
- 2. What is the official currency of Venezuela?
A) Euro
B) Peso
C) Bolívar
D) Dollar
- 3. Which of the following is a consequence of Venezuela's heavy dependence on oil?
A) Low unemployment rate
B) Stable inflation rate
C) Vulnerability to oil price fluctuations
D) Diversified economy
- 4. What has been the trend in Venezuela's economy during periods of high oil prices?
A) Increased government spending
B) Lower poverty rate
C) Improved currency value
D) Reduced national debt
- 5. What is the name of the state-owned oil company in Venezuela?
A) ExxonMobil
B) PDVSA
C) Shell
D) Chevron
- 6. In what year did Venezuela become a member of OPEC?
A) 1960
B) 1975
C) 1995
D) 1985
- 7. Which country is the largest importer of Venezuelan oil?
A) United States
B) Russia
C) India
D) China
- 8. Which industry in Venezuela has been neglected due to the dominance of the oil sector?
A) Agriculture
B) Mining
C) Tourism
D) Manufacturing
- 9. What has been the impact of oil dependence on Venezuela's political stability?
A) Enhanced social cohesion
B) Strengthened democracy
C) Reduced government intervention
D) Increased political polarization
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