Question 666:

• JAMB 1983

Mono production economies are those that?

A. Have a rich cultural heritage
B. Produces only raw materials
C. Live from the export of their raw product
D. Produce one main commodities
E. Specialized in agricultral industries

Question 667:

• JAMB 1983

The quickest way of achieving an economic union on regional basis is to remove all?

A. Currency barriers
B. Language barriers
C. Politcal barriers
D. Customs barriers
E. Legal barriers

Question 668:

• JAMB 1983

If any economy is growing at an annual rate of 7% and 4% of it is known to be due to the improvements in labour and capital combined, the balance of 3% is usually due to?

A. Land and related factors
B. Abundance of natural resources
C. Level of human capital
D. Technical progress or other factors
E. The discipline of political leadership

Question 669:

• JAMB 1983

A major function of middlemen in Nigeria is the distribution of?

A. Commodities to all consumers regardless of income
B. Commodities to consuming centres and the collection of money income to producing centres
C. Economic welfare to all
D. Wealth to all
E. Poverty within the society

Question 670:

• JAMB 1983

When a government owns enterprises, a number of advantage arise. Which of the following is NOT one of such advantages?

A. More capital is provided
B. Price policy may be the interest of consumers
C. Government workers may be indifferents towards the public
D. Infrasturcture are rapidly developed
E. Income may be more evenly distributed