2010 - JAMB Economics Past Questions and Answers - page 4
31
A strategy for curbing unemployment is to
A
implement government stabilization policy
B
increase taxes and decrease government expenditure
C
increase government expenditure and decrease taxes
D
ensure even distribution of job opportunities
correct option: c
Users' Answers & Comments32
National development plans in Nigeria fail mainly because of
A
overdependence on foreign aids
B
inadequate funding of projects
C
poor implementation strategies
D
shortage of skilled manpower
correct option: c
Users' Answers & Comments33
The ultimate aim of agricultural policies in Nigeria is to achieve
A
food sufficiency
B
industrialization
C
full employment
D
industrial capacity utilization
correct option: a
Users' Answers & Comments34
Government can boost agricultural output in Nigeria primarily by
A
embarking on buffer stock programmes
B
placing embargo on food importation
C
granting subsidies on farm inputs
D
placing farmers on monthly income
correct option: c
Users' Answers & Comments35
The ultimate aim of agricultural policies in Nigeria is to achieve
A
food sufficiency
B
industrialization
C
full employment
D
industrial capacity utilization
correct option: a
Users' Answers & Comments36
Localization of industries refers to the
A
spread of firms producing different products
B
siting of industries near the market
C
concentration of firms of an industry
D
siting of firms producing different products
correct option: c
Users' Answers & Comments37
In developing countries, governments influence the location of industries in order to
A
spread development
B
redistribute wealth
C
encourage enterpreneurs
D
encourage industries to earn high profits
correct option: a
Users' Answers & Comments38
A disadvantage of Nigeria's dependence on imported petroleum products is the
A
instability in the demand for the products
B
dominance of multinational firms
C
instability in the supply of the product
D
poor maintenance of the refineries
correct option: c
Users' Answers & Comments39
The maximum number of shareholders for a limited liability company's is
A
twenty
B
five
C
seven
D
infinite
correct option: d
Users' Answers & Comments40
One of the characteristics of free trade zone is
A
common tariff against non-member countries
B
different trade policies of non-member countries
C
free factor mobility within the zone
D
harmonized trade among member countries
correct option: d
Users' Answers & Comments