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Being a member of the OPEC, Nigeria is in a favorable position to?

Economics
JAMB 2000
Being a member of the OPEC, Nigeria is in a favorable position to?
  • A. export her crude oil
  • B. control world crude oil prices
  • C. reap the benefit of a cartel
  • D. borrow money from members
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Correct Answer: Option C
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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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 App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now