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Local firms can help in reducing unemployment in a country when

Economics
JAMB 2022

Local firms can help in reducing unemployment in a country when

  • A. land acquisition becomes centralized
  • B. imports of substitutes are reduced
  • C. waste in the firm is eliminated
  • D. subsidies to firms are decreased
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Correct Answer: Option B
Explanation

When imports of substitute are reduced it will encourage the employment of labour to produce more commodities.

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Project Topics and Materials, Post-UTME past questions - Download now or upload yours to get paid
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Project Topics and Materials, Post-UTME past questions - Download now or upload yours to get paid
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Join your school's WhatsApp group
Join your school's WhatsApp group
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Project Topics and Materials, Post-UTME past questions - Download now or upload yours to get paid