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WAEC Economics 2024 Question 50

Question 50

Economic Growth and Development

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

  1. A.promoting a mono-economy.
  2. B.the transfer of technology.
  3. C.the diversification of the economy.
  4. D.the provision of energy.
Show the answer and explanation

Answer: C (the diversification of the economy.)

Explanation

New mineral exports reduce dependence on one product, spreading revenue sources.