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Economics Past Questions

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941
A primary industry is concerned with?
  • A. extraction of resources in their raw states
  • B. the operation of small scale enterprises
  • C. the economic activities of primary producers
  • D. clearing and cultivation of land only
View Answer & Discuss JAMB 2000
942
The slow pace of industrial growth in Nigeria can be attributed to?
  • A. overdependence on the oil sector
  • B. inadequate number of unskilled labour
  • C. lack of raw materials
  • D. inadequate infrastructural facilities
View Answer & Discuss (3) JAMB 2000
943
Industries contribute to national economic development because they?
  • A. utilize local raw materials
  • B. employ an increase number of labour
  • C. provide recreational facilities
  • D. use modern machines which replace human labour
View Answer & Discuss (8) JAMB 2000
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944
The Nigerian economy is mono-cultural because government revenue is derived mainly from?
  • A. agriculture
  • B. manufacturing
  • C. coal
  • D. crude oil
View Answer & Discuss (3) JAMB 2000
945
As a producer' association, the OPEC expects its members to maintain production where marginal cost is?
  • A. greater than price
  • B. less than price
  • C. equal to price
  • D. equal to average cost
View Answer & Discuss JAMB 2000
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