The primary term that determines how much economic value something had is scarcity
Serious food crises occur when people cannot get enough nutritious food to eat. instability, economic failure or even epidemics such as HIV. Famine occurs when several of these factors are made worse by governments' failure to deal with the situation.Jul 29, 2005
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.
The answer is D, Great Britain.
