Jamb Economics 2000 Past Questions and Answers

Question 21:

• JAMB 2000

The slow pace of industrial growth in Nigeria can be attributed to?

A. Overdependence on the oil sector
B. Inadequate number of unskilled labour
C. Lack of raw materials
D. Inadequate infrastructural facilities

Question 22:

• JAMB 2000

Industries contribute to national economic development because they?

A. Utilize local raw materials
B. Employ an increase number of labour
C. Provide recreational facilities
D. Use modern machines which replace human labour

Question 23:

• JAMB 2000

The Nigerian economy is mono-cultural because government revenue is derived mainly from?

A. Agriculture
B. Manufacturing
C. Coal
D. Crude oil

Question 24:

• JAMB 2000

As a producer' association, the OPEC expects its members to maintain production where marginal cost is?

A. Greater than price
B. Less than price
C. Equal to price
D. Equal to average cost

Question 25:

• JAMB 2000

A well conducted census is important for?

A. Effective defence
B. Effective revenue generation
C. Good economic planning
D. Optimum population