- 1. What is the primary resource that Venezuela's economy heavily depends on?
A) Oil
B) Copper
C) Coal
D) Gold
- 2. What is the official currency of Venezuela?
A) Bolívar
B) Euro
C) Peso
D) Dollar
- 3. Which of the following is a consequence of Venezuela's heavy dependence on oil?
A) Diversified economy
B) Stable inflation rate
C) Low unemployment rate
D) Vulnerability to oil price fluctuations
- 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) PDVSA
B) Chevron
C) Shell
D) ExxonMobil
- 6. In what year did Venezuela become a member of OPEC?
A) 1960
B) 1985
C) 1975
D) 1995
- 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) Manufacturing
B) Mining
C) Agriculture
D) Tourism
- 9. What has been the impact of oil dependence on Venezuela's political stability?
A) Strengthened democracy
B) Enhanced social cohesion
C) Increased political polarization
D) Reduced government intervention
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