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Economics 2014 JAMB Past Questions

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26

A major feature of an underdeveloped economy is

  • A. excess capacity utilization
  • B. low rate of population growth
  • C. low level of standard of living
  • D. low level of unemployment
View Answer & Discuss JAMB 2014
27

An important role of agriculture in Nigeria's economic development is the

  • A. processing of raw materials for industries
  • B. regulation of price system
  • C. provision of infrastructure
  • D. provision of employment
View Answer & Discuss JAMB 2014
28

An advantage of large-scale farming over peasant farming is in the area of

  • A. providing research and massive employment of labour
  • B. redistributing national income to various regions of the country
  • C. encouraging the use of traditional implements
  • D. encouraging urban-rural migration
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29

A major disadvantage of localization of industry is

  • A. the risk of structural unemployment
  • B. over-utilization of installed industrial capacity
  • C. the risk of seasonal unemployment
  • D. under-utilization of installed industrial capacity
View Answer & Discuss (6) JAMB 2014
30

One major factor that determines the location of an industry is

  • A. tax exemption grant
  • B. its proximity to the market
  • C. the capital base
  • D. the social responsibility of the firm
View Answer & Discuss (1) JAMB 2014
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