Practice Case Study 3: Economic Crisis in Venezuela - 14.4 | Unit 14: Case Studies and Real-World Applications | IB Board Grade 12 – Individuals and Societies
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is hyperinflation?

💡 Hint: Think about how it affects money value.

Question 2

Easy

What percentage of Venezuela's export revenue was from oil?

💡 Hint: Consider the importance of oil in their economy.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What percentage of Venezuela's exports were from the oil industry?

  • 50%
  • 95%
  • 75%

💡 Hint: It's the majority of their economy.

Question 2

True or False: Venezuela is facing hyperinflation.

  • True
  • False

💡 Hint: Think about the current state of their economy.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Assess the implications of Venezuela's choice to rely heavily on its oil industry. How could they diversify their economy to avoid such crises in the future?

💡 Hint: Think about alternative energy sources and industries.

Question 2

Evaluate the role of international organizations in easing Venezuela’s humanitarian crisis. What challenges do they face?

💡 Hint: Consider the complexities of politics in humanitarian efforts.

Challenge and get performance evaluation