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JAMB Economics 2008 Objective — Question 40

Question 40 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2008 Objective paper, with the correct answer and a full explanation.

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The activities in the oil and gas industry are classified into

  • A. exploration and transportation
  • B. upstream and downstreamCorrect
  • C. discovery and extraction
  • D. onshore and offshore

Explanation

The activities in the oil and gas industry are divided into downstream which involves exploration and mining of crude oil; and upstream activities which include transportation of the final product and marketing.

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