VOICED : Gobierno de Venezuela obliga a supermercados a bajar precios

In Caracas, supermarkets saw long lines as the Venezuelan government enforced price cuts amid hyperinflation. The public is taking advantage of the situation, though it highlights deeper economic issues. The Superintendence for the Defense of Socioeconomic Rights is inspecting over 200 establishments following protests over food and basic service shortages. The country operates under strict price and currency controls, which businesses blame for the crisis, with inflation projected to exceed 2,300% in 2018. The government, however, attributes the crisis to an economic war waged by businesses to incite public discontent.

What was the main reason for the long lines at supermarkets in Caracas?

• Holiday shopping rush

• Government-mandated price reductions

• A natural disaster

• A new product launch

What prompted the government to conduct inspections of over 200 establishments?

• Protests over food and service shortages

• A new tax policy

• A health crisis

• An international trade agreement

How many independent stores were planned to be inspected following the initial government action?

• 100

• 200

• 350

• 500

What is one of the main causes of the economic crisis according to Venezuelan entrepreneurs?

• Natural resource depletion

• High export tariffs

• Government price and currency controls

• Lack of foreign investment

What does the Venezuelan government blame for the economic crisis?

• A global recession

• An economic war by businesses

• Natural disasters

• International sanctions