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