Venezuela Activity

Analyzing Venezuela’s Economy (use this link to answer the questions below)

- How have changes in oil revenue for the government impacted the ability of the government to import goods?

-How have changes in oil revenue for the government impacted the ability of the government to provide subsidized goods to its people?

-Why is there such a difference between the price of things on the black market compared to the official government fixed price?

-What is one specific way that government action has made it hard for private companies to buy and sell products to the public?