Strategies and Industrialization in Nigeria - 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 1979

Infant industries are

A. A baby food and a baby clothing factories
B. Those which are introducing new products
C. Cases of arrested development
D. Industries temporarily protected by tariff barriers until mature enough to compete on world markets
E. Industries that are allowed to remain permanent cases of adolescence

Question 3:

• JAMB 1993

The most popularly adopted industrialization strategy in West Africa is?

A. Import substitution
B. Export promotion
C. Ports development
D. Infant industries protection

Question 4:

• JAMB 1995

Infant industries denote industries which?

A. Are introducing new products
B. Are too young to compete in the world market
C. Produce baby food and mother care products
D. Are allowed time enough to mature for recognition

Question 5:

• JAMB 2002

One of the major factors militating against industrialization in Nigeria is the?

A. Inadequacy of infrastructural facilities
B. Absence of government participation
C. Frequent breakdown of equipment
D. Failure to get foreign partners and supporters