Which statement is true of development in both nigeria and venezuela? a. it has completed a transition to a free-market economy. b. it benefits from the sale of a valuable resource. c. its wealth is based on agriculture. d. it has developed a service economy.

Letter B is correct: The development in the countries of Nigeria and Venezuela benefits from the sale of a valuable resource.

Both countries have a rich supply of a valuable natural resource: oil. While Nigeria ranks 5th place, Venezuela ranks 8th place on the oil exportation business ranking. Both economies have similar sizes and depend on foreign direct investment and demands.

the above statement/question is (true);