Jamb Economics Questions
Question 26:
Palm oil industry is located in Old Bendel State because the state ____________
View Answer & ExplanationQuestion 27:
Which of the following sets fully represents factors of production?
View Answer & ExplanationQuestion 28:
Which of the following countries is not a member of the Economic Community of West African States?
View Answer & ExplanationQuestion 30:
Use the table below to answer the question below;
The international production set for Nigeria and Austria is;
The Opportunity cost ratio for cocoa and lace Tor Austria and Nigeria is ____________
View Answer & ExplanationThe international production set for Nigeria and Austria is;
| Products | Nigeria | Austria |
| Cocoa | 20 tonnes | 12 tonnes |
| Lace | 1o metres | 8 metres |
The Opportunity cost ratio for cocoa and lace Tor Austria and Nigeria is ____________