JAMB Economics 2020 Objective — Question 39
Question 39 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2020 Objective paper, with the correct answer and a full explanation.
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Government participation in the oil industry was necessitated by the
- A. annual increase in production
- B. formation of OPECC
- C. high demand for crude oil
- D. huge investment outlayCorrect
Explanation
The oil industry requires very large capital investment, which is why government participation became necessary.
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