Jamb Economics 2012 Past Questions and Answers

Question 36:

• JAMB 2012

An important contribution of small-scale industries to the Nigerian economy is in the area of

A. Technological development
B. Foregin exchange earnings
C. Raw materials processing
D. Labour employment

Question 37:

• JAMB 2012

A change in the pump price of petrol in Nigeria has a direct effect on the

A. Prices of consumer goods
B. Prices of essential goods
C. Cost of raw materials
D. Cost of transportation

Question 38:

• JAMB 2012

Long-term funds for investment projects are sourced from the

A. Money market
B. Commodity market
C. Foreign exchange market
D. Capital market

Question 39:

• JAMB 2012

A policy aimed at enhancing globalization of the Nigerian economy is

A. Indigenization
B. Dereglation
C. Commercialization
D. Privatization

Question 40:

• JAMB 2012

The Malthusian theory was concerned about the relationship between

A. Population growth rates of the rich and the poor nations
B. Population density and national income
C. Population growth rate and natural resources
D. Age distribution of population