Jamb Economics 2005 Past Questions and Answers

Question 11:

• JAMB 2005

The short-run inelasticity of supply of agricultural produce causes

A. Stability in prices
B. A steady rise in prices
C. A steady decline in prices
D. Instability in prices

Question 12:

• JAMB 2005

The major contribution of the petroleum industry to the Nigerian economy is the

A. Generation of revenue for the oil companies
B. Provision of employment opportunities for communites
C. Generation of revenue for government
D. Promotion of industrial harmony

Question 13:

• JAMB 2005

During a conflict between management and workers, the union's bargaing power is based on

A. Work-to-rule
B. Negotiation
C. Picketing
D. Management decision

Question 14:

• JAMB 2005

Localization of industries in Nigeria is mainly influenced by

A. Market size
B. Population groupings
C. Raw materials
D. External economies

Question 15:

• JAMB 2005

If the death rate of a country is 52% and the growth rate is 12%, what is the birth rate of the county

A. 48%
B. 64%
C. 40%
D. 52%