Which of the following helps explain why the economy of Venezuela has collapsed?

A) increased oil production due to government nationalization of the industry
B) government price controls that increase competition among small businesses
C) a substantial crackdown on corruption caused many companies to be put out of business
D) hyperinflation caused by printing money to pay for government spending

Hyperinflation

An extremely high rate of inflation, usually defined as an inflation rate in excess of 50 percent per month.

Nationalization

The process by which a government takes control of a private industry, business, or assets and converts it into state ownership and operation.

Government Price Controls

Measures implemented by a government to regulate the price levels of commodities and services with the aim to maintain affordability, prevent inflation, or ensure a minimum income for producers.