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Economics 1992 JAMB Past Questions

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21
Firms are often set up close to each other in order to take advantage of?
  • A. supply or skilled labour
  • B. agglomeration economies
  • C. internal economies of scale
  • D. external economies of scale
View Answer & Discuss JAMB 1992
22
The consumer-goods industry is predominant in the industrial sector of the Nigerian economy because of the?
  • A. availability of market and most of the raw materials required
  • B. availability of the necessary machinery required
  • C. experience of Nigerian producers
  • D. relatively lower cost of production of such goods
View Answer & Discuss JAMB 1992
23
A significant effect of the growth of the oil sector in Nigeria has been to?
  • A. increase the rate of unemployment
  • B. diminish the percentage contribution of the agricultural sector to GNP
  • C. slow down the pace of industrialization
  • D. retard the rate of economic growth
View Answer & Discuss JAMB 1992
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24
Because most of her crude oil is exported, the foreign exchange earnings and the forward linkage effects Nigeria realize from her oil production are?
  • A. both high
  • B. respectively high and low
  • C. respectively low and high
  • D. both low
View Answer & Discuss JAMB 1992
25
Which of the following is NOT directly concerned with dealings in treasury bills?
  • A. The stock exchange
  • B. The Central bank
  • C. Commercial banks
  • D. Discount houses
View Answer & Discuss (1) JAMB 1992
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