IS402-G1: Resource Curse

President Chávez spending heavily on social programs is considered as a sustainable policy that allowed millions of Venezuelans to be lifted above the poverty line in long-term consequence.

• True

• False

How did Maduro's government deal with the economic crisis?

• Print more money

• Seek loan from developed country

• None above

• All above

Venezuela's main source income and strengthen economic stability rely on

• Industrialization and oil production

• Agriculture and oil production

• Oil production and loan

• Agriculture and Tourism

PetroCaribe is a program that allows Caribbean countries to purchase oil at below-market prices.

• True

• false

When did Mr. Juan Guaidó declare himself as acting president?

• 6 December 1998

• 14 April 2013

• 23 January 2019

• 6 April 2019

Resource curse is the tendency of resource rich country to have unstable economic and undemocratics institution.

• True

• False

Which point was not mentioned in the Socioeconomic factors?

• Sanction

• Corruptions

• Social Programs

• Geopolitics

What is his name?

• Syed Sadiqq

• Hugo Chaves

• Hugo Chávez

Where is Venezuela?

• Africa

• South America

• Asia

• India

Why did Manduro return to an authoritarian government?

• He can be secretive about the tax money

• He thinks democracy is hard to comprehend