Section 7: Venezuela Overview

Front

What was the name of the charismatic leader who was elected president of Venezuela in 1999?

Back

Hugo Chávez

Front

Who is the current president of Venezuela?

Back

Nicolás Maduro

Front

Definition of 'export'

Back

Goods or services that are SOLD TO another country

Front

Definition of 'import'

Back

Goods or services that are BOUGHT FROM another country

Front

What is Venezuela’s #1 export?

Back

Oil

Front

What percent of all Venezuela’s export earnings does oil account for?

Back

99%

Front

What would be a major concern with a country only having ONE product/service account for a huge percentage of their exports?

Back

The country's economy would be negatively impacted if they ran out of the resource or the demand decreased or the price of the product went down due to more supply.

Front

List the 5 severe challenges that Venezuela is currently facing.

Back

Food shortages, Worthless currency, Extreme violence, Government corruption, Lack of healthcare.