Factors affecting growth and development - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 2019

A demand which gives rise to the reverse of the law of demand is__________

A. Derived demand
B. Joint demand
C. Abnormal demand
D. Composite demand

Question 2:

• JAMB 2016

Development plans fail in Nigeria mainly because of

A. Corruption and political instability
B. Over-dependence on foreign aid
C. High cost of plan implementation
D. Shortage of personnel

Question 3:

• JAMB 1982

some of major problems hindering economic development in west Africa are in the areas of electricity supply, communication, educations and health. These items are known in Economics as?

A. Development projects
B. Infrastructural facilities
C. Monoculture
D. Capital investment
E. Superstructure

Question 4:

• JAMB 1986

A society which forgoes present consumption

A. Is forced to do so because of excessive consumption within the country in the past
B. Is devoting new resources to new capital formation
C. Is merely devoting resources to the replacement of capital
D. Expects to consume only that amount tomorow which was forgone today

Question 5:

• JAMB 1988

The most threatening problem for the less developed countries is?

A. The continual depletion of their soil fertility
B. The rise of nationalism
C. Population explosion
D. Their differences towards economic growth