Business, 03.04.2020 05:09 deondra0803
This closing case explores the political and economic situation in Venezuela under Hugo Chavez and, after Chavez’s death, Nicolas Maduro. When Chavez, who was elected president in 1998, ran on a platform against corruption and economic mismanagement, Venezuela’s economy was in a deep recession. Once in office, Chavez consolidated his hold over the government by drafting a new constitution that put him in power until 2012. Chavez died in 2013, but during his presidency, Venezuela was considered to be only "partly free." Economically, things were also difficult for Venezuela. Chavez did achieve some gains. Unemployment, though still high, fell to 7.6 percent in 2013 from its high of 14.5 percent in 1998. Similarly, poverty remained a problem despite falling from 50 percent to 28 percent in 2012. Yet, corruption was rampant, and there was a move to take certain industries into state ownership, with the oil industry being a particular target. Following his death, the situation for his successor, Nicolas Maduro, became worse. The decline in the price of oil resulted in economic collapse with inflation reaching 275 percent, the poverty rate above 30 percent, and considerable value reduction of the Venezuelan currency, the bolivar. The result was heavy losses in December 2015 parliamentary elections which saw the opposition gaining a majority of seats over the ruling United Socialist Party.
How do you think that Chavez’s unilateral changes to contracts with foreign oil companies affected future investment by foreigners in Venezuela?
Answers: 3
Business, 22.06.2019 12:00
Need today! will get brainliest for right answer! compare and contrast absolute advantage and comparative advantage.
Answers: 1
Business, 22.06.2019 15:30
For a firm that uses the weighted average method of process costing, which of the following must be true? (a) physical units can be greater than or less than equivalent units. (b) physical units must be equal to equivalent units. (c) equivalent units must be greater than or equal to physical units. (d) physical units must be greater than or equal to equivalent units.
Answers: 1
Business, 22.06.2019 17:30
Aproject currently generates sales of $14 million, variable costs equal 50% of sales, and fixed costs are $2.8 million. the firm’s tax rate is 40%. assume all sales and expenses are cash items. (a). what are the effects on cash flow, if sales increase from $14 million to $15.4 million? (input the amount as positive value. enter your answer in dollars not in (b) what are the effects on cash flow, if variable costs increase to 60% of sales? (input the amount as positive value. enter your answers in dollars not in millions). cash flow (increase or decrease) by $
Answers: 2
This closing case explores the political and economic situation in Venezuela under Hugo Chavez and,...
Mathematics, 13.07.2021 18:00
Chemistry, 13.07.2021 18:00
Mathematics, 13.07.2021 18:00
English, 13.07.2021 18:00
Mathematics, 13.07.2021 18:00
Computers and Technology, 13.07.2021 18:00
Biology, 13.07.2021 18:10
Mathematics, 13.07.2021 18:10
Social Studies, 13.07.2021 18:10
SAT, 13.07.2021 18:10