Industry and Industrialization - Jamb Economics Past Questions and Answers

Question 46:

• JAMB 2002

One of the problems arising from the localization of industries is?

A. High prices of output
B. The exportation of output
C. The scarcity of foreign exchange
D. Structural unemployment

Question 47:

• JAMB 2003

Two basic features common to an industry are

A. Production processes and source of capital
B. Source of capital and labour supply
C. Similarity of products and source of raw materials
D. Similarity of products and production processes

Question 48:

• JAMB 2004

A major cause of the slow pace of industrialization in Nigeria is inadequate

A. Raw materials
B. Landmass
C. Skilled labour
D. Communal labour

Question 49:

• JAMB 2005

Localization of industries in Nigeria is mainly influenced by

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

Question 50:

• JAMB 2006

A major advantage of industrialization is that it

A. Leads to self-reliance
B. Curbs inflation
C. Leads to growth and development
D. Improves the terms of trade