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The answer is increase the use of hydroletricity

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13y ago

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The drop in oil prices in the 1980'S probably helped to convince oil rich Latin American nations such as Venezuela to?

ask for money or to


How is oil important to Venezuela econonmy?

Venezuela's oil-based economy illustrates the affects of overspecialization. When oil prices are high, its economy is strong. When oil prices drop, its economy weakens.


Why might Venezuela try to reduce its dependence on oil exports?

in 1980 oil prices dropped sharply. Because Venezuela relied on oil for most of its income, the country suffered when prices decreased


How has Venezuelas changed since the oil boom?

With Venezuela dropping the prices of oil, it can make their economy low and it is hurting people in Venezuela even though sometimes they have to pay less.


What are Venezuela's main economic activities?

Venezuela's economy is highly dependent on oil exports. The recent fall in oil prices has damaged the economy there. prices can fluctuate so there is always a chance that their economy will improve if and when oil prices rise.


What hotel in Caracas, Venezuela is cheap and has a pool?

To find the best prices,it would be ideal to check out Hotels.com, Travelocity.com or Expedia.com. It would be beneficial online, therefore you can compare prices, read reviews and get a refund with no hassle.


What is venezuelas exports?

Venezuela is rich in crude oil reserves. Their exports include this oil, technology to use crude oil and farm products. Oil has been traditionally a prime export, however, the drop in crude prices has been a problem for Venezuela.


What are the most common prices of the Medela Pump In Style Advanced Breast Pump?

The most common prices of the Medela Pump in the style Advanced Brest Pump are between $270.00 to $350.00. It offers a backpack for portable convince.


What is the current iron ore prices?

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What store has the best prices on decks?

Lowe's has better prices on decks. When I was building my deck, I checked out the prices at both Home Depot and Lowe's. Lowe's prices were much cheaper and the workers were much nicer. Hope this helped!


How much does an arepa cost in Venezuela?

As of my last update in October 2023, the cost of an arepa in Venezuela can vary widely depending on the location and the ingredients used. On average, prices can range from about 1 to 5 US dollars in urban areas, particularly in restaurants or food stalls. However, local markets may offer cheaper options. Due to the country's economic situation, prices can fluctuate frequently.


By decreasing farm surpluses New Deal policies helped to do what?

to raise crop prices