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C. In Caracas, the nation’s capital and largest city, it has become common to see purebred dogs rummaging in the trash or lying outdoors, filthy and gaunt, in posh neighborhoods. Zoo workers in Caracas say they do not have enough food for large mammals like tigers and tapirs.
D. Inflation is expected to hit 480% this year and top 1,640% in 2017, according to the International Monetary Fund. The nation’s gross domestic product fell 5.7% last year and is expected to drop another 8% this year. Strict government controls on prices, profits and currency have forced many local and foreign businesses to shut down in Venezuela.
B. Venezuela has some of the world's largest proven oil deposits,. The socialist government poured billions of dollars of Venezuela's oil wealth into social programs before oil prices plummeted. While other big oil exporting nations have suffered from the price drop, they have not suffered the major shortages of basic goods and soaring prices that are plaguing Venezuela.
A. Venezuela closed its border with Colombia for a time last year to try to control smuggling. Smugglers were purchasing goods heavily subsidized under Venezuelan price controls to resell in Colombia. Recently, Venezuelans have been going to Colombia to buy the basic goods they can’t find in their own country.