- 1. What is the primary resource that Venezuela's economy heavily depends on?
A) Gold
B) Coal
C) Oil
D) Copper
- 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) 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) Lower poverty rate
B) Reduced national debt
C) Increased government spending
D) Improved currency value
- 5. What is the name of the state-owned oil company in Venezuela?
A) Chevron
B) Shell
C) ExxonMobil
D) PDVSA
- 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) Russia
B) India
C) United States
D) China
- 8. Which industry in Venezuela has been neglected due to the dominance of the oil sector?
A) Mining
B) Manufacturing
C) Tourism
D) Agriculture
- 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
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