JAMB Economics Past Questions & Answers - Page 248

1,236.

The distribution channel that contributes most to the cost of production is

A.

Producer-wholesaler-consumer

B.

Producer-retailer-consumer

C.

Producer-retailer-wholesaler-consumer

D.

Producer-wholesaler-retailer-consumer

Correct answer is D

No explanation has been provided for this answer.

1,237.

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

Correct answer is D

No explanation has been provided for this answer.

1,238.

National debt is an expected outcome of

A.

Deficit budget

B.

Consolidation budget

C.

Balanced budget

D.

Surplus budget

Correct answer is A

No explanation has been provided for this answer.

1,239.

The present privatization policy in Nigeria is aimed at

A.

Reducing income inequality

B.

Reducing the prices of goods and services

C.

Poverty alleviation

D.

Increasing efficiency in production

Correct answer is D

No explanation has been provided for this answer.

1,240.

The reduction of high fertility rate is a measure in population control designed to make the

A.

Female population higher than the male

B.

Female and male population equal

C.

Male population higher than the female

D.

Growth in population more sustainable

Correct answer is D

No explanation has been provided for this answer.