a) have expected to make their fortune in the Amazon basin, but most of them have been disappointed b) have invested heavily in the Amazon basin and made huge profits
c) have followed the example of Hardy Folk and started an enterprise in the Amaze; basin.
d) have only been interested in importing rubber, coffee and cocoa from the Amaze basin.
20. According to the passage, there has been a great deal of economic interest in the Amazon
basin................... .
a) and the interest is still growing rapidly
b) even though Hardy Folk invested very little money there
c) but very few people have actually invested money there
d) because the region has a wealth of raw materials 21. One can understand from the passage that the Amazon basin................... .
a) is producing less and less in the way of raw materials
b) still remains a challenge to businessmen and does not give any profits c) is rich in rubber, coffee and cocoa, but in nothing else at all
d) is fast becoming one of the world's major industrial areas
Nigeria is heavily dependent on the export of crude oil to finance industrial development. 95%
of Nigeria's exports by value are crude oil. At current production rates, known reserves are only
sufficient until the end of the century. Industrialization was boosted after 1973 following the
fourfold increase, in oil prices. In the early 1980s prices fell, and Nigeria lost important income.
Oil production peaked in 1974 when output reached 112 million tones.
22. It is emphasized in the passage that the sharp rise in oil prices in 1973 ........ .
a. had less effect on Nigeria's economy than might have been expected
b. contributed greatly to industrial development in Nigeria c. coincided with a considerable fall in oil production
d. provided Nigeria with a high revenue well into the late 1980s
23. It is clearly understood from the given passage that only a fraction of Nigeria's exports
......... .
