Jamb Economics 2001 Past Questions and Answers

Question 26:

• JAMB 2001

In the agricultural sector, improved extension services facilitate?

A. Acquistion of techniques
B. Arable crop production
C. Mobility of labour
D. Livestock production

Question 27:

• JAMB 2001

A disadvantage of concentrating industries in an area is that it could?

A. Lead to conclusion among the firms
B. Result in evironmental pollution
C. Bring about diseconomies of scale
D. Increase the cost of production

Question 28:

• JAMB 2001

The losses suffered by a sole proprietor are?

A. Usually equal to the amount invested
B. Usually less than the amount invested
C. Limted to the amount invested
D. Not limited to the amount invested

Question 29:

• JAMB 2001

To facilitate the exportation of crude oil from Nigeria, special?

A. Airstrips were constructed for jets to evacute the oil
B. Roads were built to connect the major oil wells to the ports
C. Pipelines were laid to connect the major oil wellsto the ports
D. Railway lines were constructed to connect the major oil wells to the ports

Question 30:

• JAMB 2001

An industry is?

A. Company producing unrelated commodities
B. Group of firms producing related commodities
C. Group of firms producing distinct commodities
D. Firms producing differentiated commodities