CLEAN : Venezuela teeters on brink of default

The video discusses Venezuela's economic crisis, highlighting its rich natural resources and the impact of decades of populist policies under Presidents Chavez and Maduro. It compares Venezuela's situation to Zimbabwe's economic collapse due to similar policies. The video also examines the role of international sanctions and support from Russia and China in Venezuela's financial struggles, leading to its eventual default.

What was one of the key factors that contributed to Venezuela's initial prosperity?

• A booming tourism industry

• The world's largest oil reserves

• A large agricultural sector

• A strong manufacturing industry

Which two leaders are associated with the implementation of populist policies in Venezuela?

• Simon Bolivar and Francisco de Miranda

• Rafael Caldera and Carlos Andres Perez

• Juan Guaido and Leopoldo Lopez

• Hugo Chavez and Nicolas Maduro

How did international sanctions affect Venezuela's economic situation?

• They led to a decrease in oil production

• They worsened the economic crisis by limiting financial options

• They had no impact on the economy

• They improved the economy by increasing foreign investment

Which country is mentioned as having a similar economic collapse due to populist policies?

• Greece

• Cuba

• Argentina

• Zimbabwe

What was the primary reason for Venezuela's government defaulting on its debt?

• A global financial crisis

• Debt sanctions and lack of cash

• A military coup

• A natural disaster