JAMB Economics Past Questions & Answers - Page 176

876.

In developing countries, governments influence the location of industries in order to

A.

Spread development

B.

Redistribute wealth

C.

Encourage enterpreneurs

D.

Encourage industries to earn high profits

Correct answer is A

Government use their  powers to influence the location of industries for development of backward regions. This is done to spread development around different regions in a country, especially the rural area.

877.

Government can boost agricultural output in Nigeria primarily by

A.

Embarking on buffer stock programmes

B.

Placing embargo on food importation

C.

Granting subsidies on farm inputs

D.

Placing farmers on monthly income

Correct answer is C

Granting of subsidies by government is a government incentive paid to agribusinesses, agricultural organizations and farms to supplement their income, manage the supply of agricultural commodities, and influence the cost and supply of such commodities. This is one major way how government boost agricultural output in Nigeria. 

878.

The ultimate aim of agricultural policies in Nigeria is to achieve

A.

Food sufficiency

B.

Industrialization

C.

Full employment

D.

Industrial capacity utilization

Correct answer is A

The ultimate goal of agriculture in Nigeria is to make Nigeria self-sufficient in food production and also geared towards the development of agricultural sector to achieve the aim of economic development.

879.

National development plans in Nigeria fail mainly because of

A.

Overdependence on foreign aids

B.

Inadequate funding of projects

C.

Poor implementation strategies

D.

Shortage of skilled manpower

Correct answer is C

One of the major reasons why developmental plans fail in Nigeria is because of poor implementation. Many strategy implementations fail because of a lack of monitoring and control. 

880.

A strategy for curbing unemployment is to

A.

Implement government stabilization policy

B.

Increase taxes and decrease government expenditure

C.

Increase government expenditure and decrease taxes

D.

Ensure even distribution of job opportunities

Correct answer is D

An equitable distribution of employment opportunities gives all citizens a fair opportunity to become successful. A situation where people are employed based on favoritism, religious/tribal affiliation or other partial basis, will hoard jobs from the right people and people who are less qualified and inefficient will be put in charge of certain positions. When employment opportunities are evenly distributed in such a way that every qualified candidate stand an equal chance of employment, unemployment is reduced and wealth distributed evenly.