1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marina86 [1]
3 years ago
9

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
Define Shifting Cultivation.
goldfiish [28.3K]

Shifting cultivation is an agricultural system in which plot of land are cultivated temporarily, then abandoned while post-disturbance fallow vegetation is allowed to freely grow while the cultivator moves on to another plot.

6 0
3 years ago
What was the strength and weakness of Adam Smith and David recardo​
Semmy [17]
Once I asked, “Who was Adam Smith's best friend? ... When David Ricardo or John Stuart Mill or Robert Torrens adopted a theory of ... In his ordinary state of health, strength and spirits; in the ordinary ...
4 0
3 years ago
A number of individual beats grouped together is called
marin [14]
A number of individual beats grouped together is called : C. Precinct

One of an example of a precinct is : Police precinct. In a police precinct , it's usually consist of a couple of police officers that beats and grouped together for a specific purposes
3 0
3 years ago
The Law of Supply states that when prices are relatively low
Gnesinka [82]

Will I think that maybe true

6 0
3 years ago
Why is physical process such as air circulation and precipitation affect humans?
postnew [5]
Without precipitation, there will be no enough water for your daily uses such as water for drinking, agriculture and so on. Air currents also have an effect on us as we rely the air currents in travelling in the bodies of water. Plus, air curents have an effect on the weather too.
5 0
4 years ago
Other questions:
  • In ______ adulthood, fears of death tend to be focused on fear for one's children, both the fear of the children dying and the f
    6·1 answer
  • Cultures around the world use food to convey social values. This is a ________ statement. Food is the best way to understand the
    7·1 answer
  • Anyone know any good articles on microfinance
    6·1 answer
  • Managers need to be aware of exit and neglect behaviors in response to dissatisfaction because they impose a negative influence
    5·1 answer
  • What most likely happens if two people groups meet?
    13·2 answers
  • Who was the first black congresswoman to be elected from the deep south
    15·1 answer
  • The ___ of the river is where the water flows in the ocean brainly
    14·1 answer
  • Which of the following statements about the geographic theme of region is false?
    10·1 answer
  • A supply curve set at a given quantity is the result of a fixed __________.
    15·1 answer
  • When driving in a city when should you position your vehicle in the appropriate lane for a turn?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!