Item 16 Required information Skip to question Did You Know? Venezuela Drops to One of the Worst Performing Economies in the World This activity is important because, as a manager, you must be able to understand how the benefits, costs, and risks associated with doing business in a country are influenced by that country’s political, economic, and legal systems. The goal of this activity is to demonstrate your understanding of how a country’s political, economic, and legal systems influence the attractiveness of a country as a market or investment site, and that Venezuela, with its lack of democratic institutions, widespread corruption, and limited property rights protection, has gone from an attractive market to a highly risky one. Click the ► button to watch the video. Then, answer the questions that follow. -1:00 1x Venezuela’s economic system can best be described as a Multiple Choice mixed economy. command economy. market economy. democracy. pseudo-economy.