JAMB Economics Past Questions & Answers - Page 227

1,131.

Import duty concessions on the industrial inputs directly benefit the

A.

Consumers

B.

External sector

C.

Commercial sector

D.

Manufacturers

Correct answer is D

No explanation has been provided for this answer.

1,132.

The marketing of agricultural commodities in Nigeria is hampered by

A.

Lack of adequate storage facilities

B.

The existence of farmers' associations

C.

The existance of commodity exchange

D.

The abolition of marketing boards

Correct answer is A

No explanation has been provided for this answer.

1,133.

Maximum wage legislation seeks to

A.

Fix wages above the equilibrium wage rate

B.

Set wages below the equilibrium wage rate

C.

Deter employers from exploiting their employees

D.

Ensure an upper limit to the wages payable

Correct answer is D

No explanation has been provided for this answer.

1,134.

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

A.

Raw materials

B.

Landmass

C.

Skilled labour

D.

Communal labour

Correct answer is C

No explanation has been provided for this answer.

1,135.

The purpose of conducting a census is to enable a country to

A.

Plan her capital inflow and outflow

B.

Determine the optimum level of population

C.

Determine the growth rate of population

D.

Plan her growth and development

Correct answer is D

No explanation has been provided for this answer.