Select the option that is related to the third word in the same way as the second word is related to the first word.
(The words must be considered as meaningful English words and must not be related to each other based on the number of letters/number of consonants/vowels in the word)

North America: Mexico :: South America: ?

The relationship is between a continent and a country located within that continent.
Mexico is a country located in the continent of North America.

Similarly, Venezuela is a country located in the continent of South America.

Let's check the other options:

Frankfurt is a city in Germany (Europe).

Jamaica is an island country in the Caribbean (North America).

Cranberry is a fruit, not a country.

Therefore, the correct option is C.