JAMB Economics 2020 Objective — Question 40
Question 40 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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The deregulation of the petroleum sector in pricing and distribution of the products will bring about
- A. efficiencyCorrect
- B. an end to the importation of fuel
- C. an end to foreign firms' dominance
- D. fixing appropriate production quotas
Explanation
Deregulating petroleum pricing and distribution introduces competition, which tends to improve efficiency.
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