The Economy of Venezuela: Checkpoint 1

Quick checkpoint - five questions on the economy of venezuela.

Question 1 of 5 What is Venezuela's main export?

Coffee Cars Software Oil

It has the world's largest proven reserves.

Question 2 of 5 What is Dutch disease?

A crop illness A trade treaty A resource boom hurting other export sectors A banking rule

A strong currency hurts non-oil exporters.

Question 3 of 5 What caused Venezuela's hyperinflation?

Higher interest rates Too much exports Financing deficits by printing money A fall in printing

Prices rose by tens of thousands of per cent.

Question 4 of 5 Roughly how many Venezuelans emigrated?

About 70,000 Over seven million None About 700

Mostly to neighbouring countries.

Question 5 of 5 Which state company runs Venezuela's oil?

Aramco PDVSA Petronas Gazprom

It was created in 1976.

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