Question 561:

• JAMB 1981

An economy in which both the public and the private sectors contribute substantially to the growth of output is?

A. A socialist economy
B. A capitalist economy
C. A mixed economy
D. An industrial economy
E. A peasant economy

Question 562:

• JAMB 1981

Which is NOT an important factor responsible for high concentration of population in some part of Nigeria?

A. Climate influences
B. Development of trade and markets
C. Soil fertility
D. Processing of petroleum oil
E. Concentration of educational facilities

Question 563:

• JAMB 1981

Prohibiting the sale of lace materials in Nigeria would probably lead to?

A. Increase supply of lace material in Nigeria
B. Production of better quality lace abroad
C. Lower price of lace material in Nigeria
D. Higher price of lace material in Nigeria
E. Increase income to all dealers of lace materials in Nigeria

Question 564:

• JAMB 1981

Which of the following is NOT a visible item on international trade payment?

A. Payment for imported cars
B. Receipt from cocoa exports
C. Payments to foreign shipping companies
D. Payments for steel imports
E. Payment for petroleum imports

Question 565:

• JAMB 1981

Given the international trade statistics of Nigeria for the past 6 years, which of these statements would you consider to be correct?

A. The value of industrial exports is declining
B. The value of industrial imports is constant
C. The share of agricultural exports is increasing
D. The share of agricultural export is decreasing
E. The value of mineral export is declining