2009 - JAMB Economics Past Questions and Answers - page 5

41
The current industrial development strategy in Nigeria is aimed at encouraging
A
small-scale industries
B
medim-scale industries
C
small-and medium-scale industries
D
medium-and large-scale industries
correct option: c
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42
Activities in the oil and gas industry are classified into
A
oil exploration and distribution
B
refining and marketing of finished products
C
upstream and downstream
D
exploration and drilling
correct option: c
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43
High dependency ratio is influenced by
A
high infant mortality rate
B
the level of income
C
high birth rate
D
inadequate medical care for children
correct option: c
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44
Occupational distribution of population determines the
A
size of a population available and willing to work
B
population density of a place
C
dependency ratio of a country
D
size and categories of the labour force
correct option: d
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45
The mobility of labour is mainly determined by
A
the age of workers
B
government policy
C
trade unions
D
wage rate differentials
correct option: d
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46
When workers have a union, the supply of labour is said to be
A
monopolistic
B
oligopolistic
C
monopsonistic
D
competitive
correct option: a
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47
The percentage contribution of the transport sector is:
A
600.0
B
166.7
C
60.0
D
16.7
correct option: d
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48
If the contribution of the oil sector is N3.6 million, what is the contribution of the other sectors?
A
N10.8 million
B
N7.2 million
C
N3.6 million
D
N2.4 million
correct option: b
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49
The marginal product of the 5th unit of capital is
A
42
B
85
C
144
D
213
correct option: d
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50
Determine the average product of the 4th unit of capital
A
53
B
86
C
212
D
213
correct option: a
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