(Last Word) Which of the following helps explain why the economy of Venezuela has collapsed?
A) increased oil production due to government nationalization of the industry
B) government price controls that increase competition among small businesses
C) a substantial crackdown on corruption caused many companies to be put out of business
D) hyperinﬂation caused by printing money to pay for government spending

Question

Quizplus · Accepted Answer

Hyperinflation caused by printing money to pay for government spending is a major factor that has led to the collapse of the Venezuelan economy. This has resulted in the devaluation of the currency, making it nearly worthless and causing prices to skyrocket. Additionally, government policies such as price controls and nationalization of industries have exacerbated the situation.

(Last Word) Which of the Following Helps Explain Why the Economy