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  5. The major contributi...

The major contribution of OPEC to the Nigerian economy is the

Economics
JAMB 2014

The major contribution of OPEC to the Nigerian economy is the

  • A. provision of social infrastructures
  • B. granting of subsidies on petroleum products
  • C. stabilization of oil prices
  • D. building of refineries
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Correct Answer: Option C
Explanation

OPEC aims to regulate the supply of oil in order to set the price on the world market.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now