Venezuela economic institution 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

Answer 1

The correct answer is A: depends heavily on a nationalized oil industry.

Venezuela's economy is heavily reliant on oil exports, which are largely controlled by the state through a nationalized oil industry. This focus on a single commodity has distinct implications for its economic structure compared to other nations in the region that may have more diversified economies or different economic policies.