2004 - JAMB Economics Past Questions and Answers - page 2
11
The downstream activities of oil companies in Nigeria involve
A
refining and distribution
B
prospecting and exploration
C
off-shore drilling
D
management of spillage and pollution
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12
The movement of goods and services from the producers to the consumers is referred to as
A
external trade
B
the distribution chain
C
the circular flow
D
consumption
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13
The purpose of conducting a census is to enable a country to
A
plan her capital inflow and outflow
B
determine the optimum level of population
C
determine the growth rate of population
D
plan her growth and development
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14
A major cause of the slow pace of industrialization in Nigeria is inadequate
A
raw materials
B
landmass
C
skilled labour
D
communal labour
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15
Maximum wage legislation seeks to
A
fix wages above the equilibrium wage rate
B
set wages below the equilibrium wage rate
C
deter employers from exploiting their employees
D
ensure an upper limit to the wages payable
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16
The marketing of agricultural commodities in Nigeria is hampered by
A
lack of adequate storage facilities
B
the existence of farmers' associations
C
the existance of commodity exchange
D
the abolition of marketing boards
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17
Import duty concessions on the industrial inputs directly benefit the
A
consumers
B
external sector
C
commercial sector
D
manufacturers
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18
The labour force in Nigeria falls between the ages of
A
18 and 45
B
18 and 55
C
18 and 30
D
18 and 60
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19
Government's involvement in agricultural business in Nigeria is most manifested in the
A
establishment of farm settlements in each state of the federation
B
establishment of credit guarantee scheme for small-scale farmers
C
formation of farmers' cooperative societies
D
procurement and distribution of fertilizers
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20
The difference between birth and death rates of a given population is referred to as the
A
mortality rate
B
fertility rate
C
natural growth rate
D
linear growth rate
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