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