The Economic Failure of Venezuela: Dutch Disease
Interactive Video
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Business
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7th - 12th Grade
•
Practice Problem
•
Hard
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5 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What is Dutch disease and how does it affect a country's economy?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
Explain how the increase in oil exports affected Venezuela's currency value.
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
What were the consequences of an artificially stronger currency for local industries in Venezuela?
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
Compare Venezuela's approach to managing its oil wealth with that of other oil-rich countries mentioned in the text.
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
How did the Venezuelan government respond to the economic issues caused by Dutch disease?
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