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

Economics

WAEC 2024

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.
C. the diversification of the economy.
D. the provision of energy.

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Correct Answer: Option B

Explanation

B: Exploration of solid minerals wil lead to transfer of technology as advanced countries will bring in sophisticated machines which the locals wil learn from it.

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

Correct Answer: Option B

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