JAMB Economics 2014 Objective — Question 39
Question 39 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2014 Objective paper, with the correct answer and a full explanation.
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The major contribution of OPEC to the Nigerian economy is the
- A. granting of subsidies on petroleum products
- B. stabilization of oil pricesCorrect
- C. building of refineries
- D. provision of social infrastructures
Explanation
OPEC has achieved some level of success in stabilizing the price of oil in the oil market.
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