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

The economy of Venezuela has collapsed primarily due to hyperinflation, which was caused by the government's decision to print money to finance its spending. This led to a rapid decrease in the value of the Venezuelan bolivar, making it difficult for citizens to afford basic goods and services, and severely impacting the overall economy.

Which of the Following Helps Explain Why the Economy of Venezuela