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Economics Past Questions

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896
The land tenure system in Nigeria impedes agricultural production because?
  • A. land fragmentation makes possible easy access to land ownership
  • B. it discourages specialization of factors of production
  • C. it limits opportunity for mass production of agricultral goods
  • D. small land holders generally do not get enough fertilizer to use
View Answer & Discuss JAMB 1999
897
The major problem of cooperative societies in Nigeria is that?
  • A. they often lack cohersion and continuity
  • B. their liability is unlimited to members
  • C. voting is by proxy
  • D. their management style is poor
View Answer & Discuss JAMB 1999
898
The primary objective of establishing the Export Process Zone is to?
  • A. facilitate agricultural production
  • B. encourage the production and processing of export commodities
  • C. erect imported raw materials
  • D. erect economic structures near the port
View Answer & Discuss JAMB 1999
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899
The first petroleum exploring company to discover crude petroleum in Nigeria was?
  • A. Mobil
  • B. Texaco
  • C. Agip
  • D. Shell-BP
View Answer & Discuss JAMB 1999
900
Concentrating industries in one place is advantageous because there are gains in terms of?
  • A. external economies
  • B. internal economies
  • C. economies of scale
  • D. cost economies
View Answer & Discuss JAMB 1999
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