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Economics Past Questions and Answers

Jamb Economics Questions

Question 21:

The slow pace of industrial growth in Nigeria can be attributed to?

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A Overdependence on the oil sector
B Inadequate number of unskilled labour
C Lack of raw materials
D Inadequate infrastructural facilities

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Question 22:

Industries contribute to national economic development because they?

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A Utilize local raw materials
B Employ an increase number of labour
C Provide recreational facilities
D Use modern machines which replace human labour

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Question 23:

The Nigerian economy is mono-cultural because government revenue is derived mainly from?

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A Agriculture
B Manufacturing
C Coal
D Crude oil

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Question 24:

As a producer' association, the OPEC expects its members to maintain production where marginal cost is?

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A Greater than price
B Less than price
C Equal to price
D Equal to average cost

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Question 25:

A well conducted census is important for?

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A Effective defence
B Effective revenue generation
C Good economic planning
D Optimum population

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