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English, 22.02.2021 03:50 alosnomolina1122

What caused a long-lasting economic downturn in Venezuela starting in the mid-1980s? Oil-exporting countries produced less oil than the world needed.

Oil-exporting countries produced more oil than the world needed.

Hugo Chavez was elected president and nationalized all the oil companies.

Venezuela’s oil reserves temporarily ran out.

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