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Economics 2004 JAMB Past Questions

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11
The downstream activities of oil companies in Nigeria involve
  • A. refining and distribution
  • B. prospecting and exploration
  • C. off-shore drilling
  • D. management of spillage and pollution
View Answer & Discuss JAMB 2004
12
The movement of goods and services from the producers to the consumers is referred to as
  • A. external trade
  • B. the distribution chain
  • C. the circular flow
  • D. consumption
View Answer & Discuss JAMB 2004
13
The purpose of conducting a census is to enable a country to
  • A. plan her capital inflow and outflow
  • B. determine the optimum level of population
  • C. determine the growth rate of population
  • D. plan her growth and development
View Answer & Discuss JAMB 2004
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14
A major cause of the slow pace of industrialization in Nigeria is inadequate
  • A. raw materials
  • B. landmass
  • C. skilled labour
  • D. communal labour
View Answer & Discuss JAMB 2004
15
Maximum wage legislation seeks to
  • A. fix wages above the equilibrium wage rate
  • B. set wages below the equilibrium wage rate
  • C. deter employers from exploiting their employees
  • D. ensure an upper limit to the wages payable
View Answer & Discuss JAMB 2004
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