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Economics 2001 JAMB Past Questions

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26
A disadvantage of concentrating industries in an area is that it could?
  • A. lead to conclusion among the firms
  • B. result in evironmental pollution
  • C. bring about diseconomies of scale
  • D. increase the cost of production
View Answer & Discuss (1) JAMB 2001
27
The losses suffered by a sole proprietor are?
  • A. usually equal to the amount invested
  • B. usually less than the amount invested
  • C. limted to the amount invested
  • D. not limited to the amount invested
View Answer & Discuss (3) JAMB 2001
28
To facilitate the exportation of crude oil from Nigeria, special?
  • A. airstrips were constructed for jets to evacute the oil
  • B. roads were built to connect the major oil wells to the ports
  • C. pipelines were laid to connect the major oil wellsto the ports
  • D. railway lines were constructed to connect the major oil wells to the ports
View Answer & Discuss JAMB 2001
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29
An industry is?
  • A. company producing unrelated commodities
  • B. group of firms producing related commodities
  • C. group of firms producing distinct commodities
  • D. firms producing differentiated commodities
View Answer & Discuss JAMB 2001
30

The raising of funds by selling stocks to the public is called?

  • A. equity financing
  • B. stock financing
  • C. debt financing
  • D. loan financing
View Answer & Discuss (1) JAMB 2001
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