WAEC Economics 2024 Objective — Question 50

Question 50 of 50 from the West African Examinations Council (WAEC) Economics 2024 Objective paper, with the correct answer and a full explanation.

50. Exploitation of solid minerals in developing countries can stabilize their revenue base mainly because it helps in

A. promoting a mono-economy.
B. the transfer of technology.Correct
C. the diversification of the economy.
D. the provision of energy.

Explanation

Exploitation of solid minerals leads to the transfer of technology, as advanced countries bring in sophisticated machinery from which local workers learn.

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