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Economics 2010 JAMB Past Questions

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36

Localization of industries refers to the

  • A. spread of firms producing different products
  • B. siting of industries near the market
  • C. concentration of firms of an industry
  • D. siting of firms producing different products
View Answer & Discuss JAMB 2010
37

In developing countries, governments influence the location of industries in order to

  • A. spread development
  • B. redistribute wealth
  • C. encourage enterpreneurs
  • D. encourage industries to earn high profits
View Answer & Discuss JAMB 2010
38
A disadvantage of Nigeria's dependence on imported petroleum products is the
  • A. instability in the demand for the products
  • B. dominance of multinational firms
  • C. instability in the supply of the product
  • D. poor maintenance of the refineries
View Answer & Discuss (3) JAMB 2010
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39

The maximum number of shareholders for a limited liability company is

  • A. twenty
  • B. five
  • C. seven
  • D. infinite
View Answer & Discuss (7) JAMB 2010
40

One of the characteristics of free trade zone is

  • A. common tariff against non-member countries
  • B. different trade policies of non-member countries
  • C. free factor mobility within the zone
  • D. harmonized trade among member countries
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