2008 - JAMB Economics Past Questions and Answers - page 4
31
The exports-promotion strategy is aimed at producing
A
consumer goods originally imported
B
machinery for industries
C
more goods for exports
D
more goods domestic consumption
correct option: c
Users' Answers & Comments32
The activities in the oil and gas industry are classified into
A
exploration and transportation
B
upstream and downstream
C
discovery and extraction
D
onshore and offshore
correct option: b
Users' Answers & Comments33
The economic policy of privatization came up as a result of the poor performance of
A
commercial banks
B
small-scale businesses
C
public enterprises
D
private enterprises
correct option: c
Users' Answers & Comments34
Joint-stock companies can raise funds from
A
the money market
B
the capital market
C
various sources
D
government
correct option: c
Users' Answers & Comments35
The active population of a country determines the size of its
A
economic resources
B
national income
C
labour force
D
gross domestic product
correct option: c
Users' Answers & Comments36
The population of a country will decrease if
A
the death rate exceeds the birth rate
B
immigration is equal to emigration
C
the birth rate exceeds the death rate
D
there is rapid economic growth
correct option: a
Users' Answers & Comments37
The OPEC marketing policy of fixing minimum price allows members to
A
sell above minimum price
B
sell below minimum price
C
determine the price and quantity to sell
D
negotiate price with customers
correct option: a
Users' Answers & Comments38
A major trading problem facing ECOWAS is
A
the absence of common currency
B
political instability
C
high poverty level
D
non implementation of decisions
correct option: a
Users' Answers & Comments39
A high rent on land will affect the cost of producing maize
A
at the early stage of production
B
negatively
C
at the later stage of population
D
positively
correct option: b
Users' Answers & Comments40
If the active population is 50 million and unemployed is 5 million what is the unemployment rate?
A
10%
B
45%
C
55%
D
90%
correct option: a
Users' Answers & Comments