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Economics 1995 JAMB Past Questions

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26
In recent times, agriculture in Nigeria tends to lose its vital labour force as a result of?
  • A. lack of an effective agricultural policy
  • B. employment opportunities in the oil sector
  • C. rural-urban drift
  • D. low prices of agricultural products
View Answer & Discuss JAMB 1995
27
The government can influence the price of agriculture products by?
  • A. fixing minimum prices when agricultural output is low
  • B. fixing maximum prices in years of bumper harvest
  • C. the use of buffer stock and stabilization funds
  • D. paying all farmers producing identical crops a uniform amount of money
View Answer & Discuss JAMB 1995
28
The crucial factors which determine the location of petroleum refineries in Nigeria are availability of raw materials and?
  • A. capital
  • B. political consideration
  • C. nearness to source of power
  • D. labour
View Answer & Discuss (1) JAMB 1995
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29
Infant industries denote industries which?
  • A. are introducing new products
  • B. are too young to compete in the world market
  • C. produce baby food and mother care products
  • D. are allowed time enough to mature for recognition
View Answer & Discuss JAMB 1995
30
When compared with a labour-intensive industry, a capital-intensive industry employs more?
  • A. workers than capital
  • B. workers than machinery
  • C. raw materials than capital
  • D. machinery than workers
View Answer & Discuss JAMB 1995
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