2007 - JAMB Economics Past Questions and Answers - page 3
21
The survival of a partnership depends on
A
the managerial ability of the partners
B
access to finance
C
the goodwill of the partners
D
political stability
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22
A major objective of the Federal Government's initiative on cassava production in Nigeria is to
A
diversify the export base of the economy
B
ensure the availability of cassava
C
make cassava a staple food in the country
D
provide raw materials for industries
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23
A country would develop its agricultural sector first so as to
A
stabilize the prices of agricultural products
B
stabilize the prices of industrial products
C
create a market for the agricultural sector
D
create a market for the industrial sector
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24
Foreign investment can be attracted to Nigeria through
A
a review of the tax policy
B
a review of interest rates
C
the revaluation of the naira
D
a review of the naturalization policy
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25
Environmental degradation is more associated with
A
localization of industries
B
location of industries
C
decreased urbanization
D
urban-rural migration
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26
Industrialization is a prerequisite for balanced economic growth because it
A
encourages trade liberalization
B
stimulates the development of all sectors
C
enhances productivity in the manufacturing sector
D
expends employment opportunities in urban areas
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27
Upstream oil activities involve the
A
exploration of crude oil
B
refining of crude oil
C
marketing of finished products
D
management of pollution
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28
The Malthusian theory of population has been rendered ineffective by
A
government policies
B
natural disasters
C
birth contorl measures
D
technical progress
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29
The movement of people from rural to urban areas affects the
A
occupational distribution of population
B
sex distribution of population
C
geographical distribution of population
D
age distribution of population
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30
An upward review of the retirement age will affect the
A
wage rate
B
demand for labour
C
supply of labour
D
tax rate
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