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Economics Past Questions and Answers

Jamb Economics Questions

Question 26:

Which of the following statement are TRUE of agriculture in Nigeria? (i) it provides food for the growing population?
(ii) A large proportion of the population is engaged in agriculture.
(iii) Agriculture products are used as raw materials by the local industries.
(iv) It serves as sources of heavy equipment to local industries.

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A I and ii only
B I,ii and iii only
C I, ii and iv only
D Ii and iii only

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Question 27:

In recent times, agriculture in Nigeria tends to lose its vital labour force as a result of?

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A Lack of an effective agricultural policy
B Employment opportunities in the oil sector
C Rural-urban drift
D Low prices of agricultural products

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Question 28:

The government can influence the price of agriculture products by?

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A Fixing minimum prices when agricultural output is low
B Fixing maximum prices in years of bumper harvest
C The use of buffer stock and stabilization funds
D Paying all farmers producing identical crops a uniform amount of money

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Question 29:

The crucial factors which determine the location of petroleum refineries in Nigeria are availability of raw materials and?

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A Capital
B Political consideration
C Nearness to source of power
D Labour

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Question 30:

Infant industries denote industries which?

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A Are introducing new products
B Are too young to compete in the world market
C Produce baby food and mother care products
D Are allowed time enough to mature for recognition

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