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

Correct Answer: C. reap the benefit of a cartel



Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *
Add Math
Don't want to keep filling in name and email whenever you make a contribution? Register or login to make contributing easier.