Jamb Economics 1992 Past Questions and Answers

Question 21:

• JAMB 1992

The primary barrier to land reform in developing countries is the?

A. Frequent opposition by the landlords
B. Realization that output levels might fall
C. Fear that peasants will be cut off from credit
D. General contentment with the present arrangement

Question 22:

• JAMB 1992

Firms are often set up close to each other in order to take advantage of?

A. Supply or skilled labour
B. Agglomeration economies
C. Internal economies of scale
D. External economies of scale

Question 23:

• JAMB 1992

The consumer-goods industry is predominant in the industrial sector of the Nigerian economy because of the?

A. Availability of market and most of the raw materials required
B. Availability of the necessary machinery required
C. Experience of Nigerian producers
D. Relatively lower cost of production of such goods

Question 24:

• JAMB 1992

A significant effect of the growth of the oil sector in Nigeria has been to?

A. Increase the rate of unemployment
B. Diminish the percentage contribution of the agricultural sector to GNP
C. Slow down the pace of industrialization
D. Retard the rate of economic growth

Question 25:

• JAMB 1992

Because most of her crude oil is exported, the foreign exchange earnings and the forward linkage effects Nigeria realize from her oil production are?

A. Both high
B. Respectively high and low
C. Respectively low and high
D. Both low