Jamb Economics Past Questions and Answers

Question 1776:

• JAMB 2006

The oil-producing area in Nigeria are agitating for special compensation owing mainly to

A. The high level of poverty
B. The high level of unemployment
C. Constant flooding
D. Environmental pollution

Question 1777:

• JAMB 2006

If children and the aged dominate the population of a country, this results in

A. A reduction in the importation of capital goods
B. A fall in the standard of living
C. An increase in the national income
D. An improvement in the standard of living

Question 1778:

• JAMB 2006

A major factor militating against rapid industrialization in Nigeria is

A. Inadequate skilled manpower
B. Poor market facilities
C. Poor transport facilities
D. Epileptic power supply

Question 1779:

• JAMB 2006

Minimum wage legislation will result in

A. Reduced income
B. Greater supply labour
C. Reduced labour productivity
D. Greater demand for labour

Question 1780:

• JAMB 2006

The term 'oil shock' is used to describe a situation in which

A. The demand for oil exceeds its supply
B. Oil prices have fallen drastically
C. The demand for oil is equal to ite supply
D. The supply of oil exceeds its demand