WAEC Economics 2018 Objective — Question 49
Question 49 of 50 from the West African Examinations Council (WAEC) Economics 2018 Objective paper, with the correct answer and a full explanation.
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One benefit a country can derive from the extraction of crude oil is increase in
- A. population
- B. employmentCorrect
- C. money
- D. demand for imports
Explanation
Crude oil extraction creates jobs directly in the industry and indirectly in supporting sectors, increasing employment (as seen in Nigeria).
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