Venezuela’s economic institutions differ from those of other nations in the region mainly because Venezuela

Social Studies

1 answer:

s2008m [1.1K]3 years ago

6 0

Answer:

(A) depends heavily on a nationalized oil industry.

Explanation:

The problem with Venezuela, is that it is what economists called a rentier state. Basically, it means that the country heavily relies on the extraction of natural resources to generate revenue for its country.

With Venezuela, this natural resource is oil. Due to its overreliance on this resource, when oil price went down, the country's economy went down with it. Other countries in South America - such as Brazil and Argentina - diversify their country's source of income, creating a buffer when one sector is experiencing a crisis; which unfortunately Venezuela did not do.

You might be interested in

The legal authority of a salesperson normally is:

lesya692 [45]

The correct answer is A) the same as that of a buyer. To solicit orders and get ratification and acceptance from his or her employer.

The legal authority of a salesperson normally is the same as that of a buyer. To solicit orders and get ratification and acceptance from his or her employer.

That is the reason why a salesperson is hired for. He/she interacts with the consumer, offers the best deal possible according to the indications of the manager of the store, he/she offers a good explanation of the benefits of the product, answer questions, and generally treat the consumer in the best way possible to make it back soon and if its possible, create loyalty to the store. If the salesperson does a good job, it is rewarded. If not, some consequences could be legal in the case of a thief.

8 0

3 years ago

What classes do you have to take to get a degree in life science?

avanturin [10]

The answer would be a Science class in college

6 0

3 years ago

Andre enjoys playing video games, but there is not a video game about his favorite hobby: collecting stamps. Andre decides to ma

Ksju [112]

Answer:

B) entrepreneur.

Explanation:

An entrepreneur refers to any individual who creates a business model based on innovation. They run the company and take responsibility for its performance. They play an important role in every economy making use of the requisite expertise and effort to identify requirements and bring innovative new concepts to the industry. Entrepreneurs who ultimately succeed in managing the risks of a venture are lauded with continued growth.

5 0

3 years ago

Which of the following is not true of parliamentry government?

ehidna [41]

The King and Queen controls the government and country

7 0

3 years ago

How are castles a reflection of a decentralized government

kotykmax [81]

The answer about how castles a reflection of a decentralized government is explained below.

Explanation:

A decentralized government is a government structure in which the power to decision making is not restricted or owned by a single top position holder, rather the power to make decisions prevail in every layer of the government hierarchy.

Castles were built in the era when there was an empire rule in the world. The whole kingdom used to live in the area covered around by the castles. Because of the lack of centralized government system, warfare was a frequent occurrence. So in this situation, castles provided security and defense.

There were walls, moats and gates around the castles for the security purpose.

Learn more about Decentralized Government at:

brainly.com/question/14650660

#LearnWithBrainly

3 0

3 years ago