PRINT PDF

Print Friendly and PDF

Explain the three effects of over-dependence of petroleum on the economy of oil importing countries.

By -

Explain the  three effects of over-dependence of petroleum on the economy of oil importing countries.   (6 marks)

  • Higher expenditure/foreign exchange/ spends more on importation
  • Higher production costs/hence higher prices of manufactured goods
  • Closure of industries which are not able to meet the increased cost of production coupled with increase in transport cost
  • Slowed industrial growth as most industries depend on petroleum
  • Economic recession in these countries as oil is necessary for all sectors of production



width=Virus-free.www.avast.com

Comments

Post a Comment

Talk about this Post:

ADTHIS

SHARE

sponsors

Latest Questions with Answers

Loading...

Popular posts from this blog

List down eight achievements of King David in Israel

By -
Image
List down eight achievements of King David in Israel (8mks) He defeated the armies of the neighboring Kingdoms He established the geographical  boundaries of Israel after various military victories He established Israel as the powerful state in the middle East He killed the Philistine Warrior, Goliath through faith in God He seized Jerusalem from the Jebusites and made it his capital city He recovered the Ark of Covenant from the Philistines and brought it to Jerusalem He chose wise elders and counsellors to help him rule He composed many hymns and wrote the book of psalms He united the people of Israel by making Jerusalem a religious center He listened to the prophets of God such as Nathan He advised his son Solomon to obey Gods commandments in order to succeed as a king He established the longest serving dynasty known as the David...
Read more

The computer Lab Rules and Regulations

By -
Image
The computer lab rules and regulations differ from one place to another, from one school to country, class or region. Computer labs in Kenya are no different in this criteria. A computer lab is a room set aside to enhance proper learning of computer studies and host the facilities needed to pursue the study. Just like other labs, in the computer lab, accidents happen thus all students should respect and use the computer lab diligently to the benefit of all students and the school community. The following regulations are commonly used or pronounced when a computer lab has been put into place. The computer Lab Rules and Regulations Keep off foods and drinks Do not enter the computer lab with muddy shoes Do your work quietly Respect other students the same way you would like it to happen to you Do not send your work to the printer before consulting the computer lab management team Don't change the computer settings without permission from your teacher/management Organize your files ne...
Read more

cre form 3 notes in pdf

By -
cre form 3 notes in pdf : do you really want to perform in CRE? this book contains comprehensively assembled notes from various resources and recommend by a number of teachers for use. these notes have assisted students improve in CRE since the year 2015. You can as well get a copy and see your performance chart moving up now.
Read more

Contact Form

Name

Email *

Message *