Search SchoolNGR

Economics Past Questions and Answers

Jamb Economics Questions

Question 26:

In the agricultural sector, improved extension services facilitate?

SchoolNGR Classroom

A Acquistion of techniques
B Arable crop production
C Mobility of labour
D Livestock production

View Answer & Explanation

Question 27:

A disadvantage of concentrating industries in an area is that it could?

SchoolNGR Classroom

A Lead to conclusion among the firms
B Result in evironmental pollution
C Bring about diseconomies of scale
D Increase the cost of production

View Answer & Explanation

Question 28:

The losses suffered by a sole proprietor are?

SchoolNGR Classroom

A Usually equal to the amount invested
B Usually less than the amount invested
C Limted to the amount invested
D Not limited to the amount invested

View Answer & Explanation

Question 29:

To facilitate the exportation of crude oil from Nigeria, special?

SchoolNGR Classroom

A Airstrips were constructed for jets to evacute the oil
B Roads were built to connect the major oil wells to the ports
C Pipelines were laid to connect the major oil wellsto the ports
D Railway lines were constructed to connect the major oil wells to the ports

View Answer & Explanation

Question 30:

An industry is?

SchoolNGR Classroom

A Company producing unrelated commodities
B Group of firms producing related commodities
C Group of firms producing distinct commodities
D Firms producing differentiated commodities

View Answer & Explanation

Stay Updated

Follow us on:

Subjects