Venezuela’s economic institutions differ from those of other nations in the region mainly because venezuela

a) depends heavily on a nationalized oil industry.
b) has an entirely free market economy.
c) redistributes land and wealth across classes.
d) engages in a variety of economic activities.

(A) depends heavily on a nationalized oil industry.

Explanation:

The problem with Venezuela, is that it is what economists called a rentier state. Basically, it means that the country heavily relies on the extraction of natural resources to generate revenue for its country.

With Venezuela, this natural resource is oil. Due to its overreliance on this resource, when oil price went down, the country's economy went down with it. Other countries in South America - such as Brazil and Argentina - diversify their country's source of income, creating a buffer when one sector is experiencing a crisis; which unfortunately Venezuela did not do.

try something like republic or democracy joined or something because its talking about a election party.

hello

question:

when would a new household be started?

a.when the oldest male died

b.when a man and a woman married

c.when the house could not hold everyone

d.when a child was born

answer: us d when a child was born

hope this have a great day and brainlest