JAMB Economics Past Questions & Answers - Page 260

1,296.

The Nigerian economy is mono-cultural because government revenue is derived mainly from

A.

Agriculture

B.

Manufacturing

C.

Coal

D.

Crude oil

Correct answer is D

No explanation has been provided for this answer.

1,297.

Industries contribute to national economic development because they

A.

Utilize local raw materials

B.

Employ an increase number of labour

C.

Provide recreational facilities

D.

Use modern machines which replace human labour

Correct answer is A

No explanation has been provided for this answer.

1,298.

The slow pace of industrial growth in Nigeria can be attributed to

A.

Over-dependence on the oil sector

B.

Inadequate number of unskilled labour

C.

Lack of raw materials

D.

Inadequate infrastructural facilities

Correct answer is D

No explanation has been provided for this answer.

1,299.

A primary industry is concerned with

A.

Extraction of resources in their raw states

B.

The operation of small scale enterprises

C.

The economic activities of primary producers

D.

Clearing and cultivation of land only

Correct answer is A

No explanation has been provided for this answer.

1,300.

Increased output will cause farmer's revenue to decrease when market demand is

A.

Elastic

B.

Inelastic

C.

Unitary elastic

D.

Perfectly elastic

Correct answer is A

No explanation has been provided for this answer.