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Economics 2006 JAMB Past Questions

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26
Import substitution policy is used to
  • A. protect local industries
  • B. check government expenditure
  • C. correct the balance of payments problem
  • D. encourage increased volume of trade
View Answer & Discuss (3) JAMB 2006
27
The organization whose aim is to solve the trade problems of less developed nations is
  • A. UNCTAD
  • B. OECD
  • C. UNECA
  • D. WTO
View Answer & Discuss (1) JAMB 2006
28
Mobility of labour is higher when there
  • A. is a monopoly of jobs in one location
  • B. is intense competition for jobs in the same location
  • C. are alternative jobs in the same location
  • D. are no alternative jobs in the same location
View Answer & Discuss JAMB 2006
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29
A major advantage of industrialization is that it
  • A. leads to self-reliance
  • B. curbs inflation
  • C. leads to growth and development
  • D. improves the terms of trade
View Answer & Discuss JAMB 2006
30
The oil-producing area in Nigeria are agitating for special compensation owing mainly to
  • A. the high level of poverty
  • B. the high level of unemployment
  • C. constant flooding
  • D. environmental pollution
View Answer & Discuss JAMB 2006
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