Oil Powers the Economy?

Question

Please help

8. In the early 1980s, Venezuela was the richest country in Latin America because of (1 point)

a booming tourist industry.

abundant rain forest resources.

vast supplies of oil.

thriving agricultural production.

9. When oil prices fell in the mid-1980s, Venezuela's economy (1 point)

suffered a decline.

enjoyed an increase.

stayed about the same.

began to show signs of recovery.

10. Most of Venezuela's population lives (1 point)

in cities.

in the countryside.

on islands of floating reeds.

in the rain forest.

Please help

Answer 1

Get in your car and drive to the nearest town outside your own. See that black long thing you're car is on? That is the largest contributer to the U.S. economy, and every gas tank moving across it is a costumer.

Answer 2

Venezuela has earth's seventh biggest oil reserves. accordingly, most of its economy is based around the oil industry.

The first answer is thus C

As most of Venezuela's exports are oil, a fall in the oil prices following the oil crisis of the early 80's, had a large negative effect on the economy as a whole, as less money from oil revenues was flowing into the national economy. The answer to the second question is thus A

Due to the rapid economic growth, most of Venezuelans live nowadays in cities. Typing in google "Venezuela urban population" would lead to many resources proving this.

The answer is thus A

Answer 3

THE UNITED STATES IS OIL DEPENDENT, BUT IF WE START DRILLING ON OUR OWN SOIL THEN WE WILL BE OIL INDEPENDENT.

Answer 4

CAA