JAMB Economics Past Questions & Answers - Page 285

1,421.

The crucial factors which determine the location of petroleum refineries in Nigeria are availability of raw materials and

A.

Capital

B.

Political consideration

C.

Nearness to source of power

D.

Labour

Correct answer is B

No explanation has been provided for this answer.

1,422.

Given that
B = Births
D = Death
X = Emigrants 
M = Immigration 
The population of a country over a period of time will rise if

A.

B = D and X > M

B.

B - D = O and M > X

C.

D - B = O and M = X

D.

X > M and D > B

Correct answer is B

No explanation has been provided for this answer.

1,423.

The government can influence the price of agriculture products by?

A.

Fixing minimum prices when agricultural output is low

B.

Fixing maximum prices in years of bumper harvest

C.

The use of buffer stock and stabilization funds

D.

Paying all farmers producing identical crops a uniform amount of money

Correct answer is C

No explanation has been provided for this answer.

1,424.

In certain circumstances, a centrally planned economy adopts the rationing system because of

A.

The scarcity of goods and services in the market

B.

Low real and money wages

C.

The need for equitable distribution of goods and services

D.

Transportation and distribution problems

Correct answer is C

No explanation has been provided for this answer.

1,425.

In recent times, agriculture in Nigeria tends to lose its vital labour force as a result of?

A.

Lack of an effective agricultural policy

B.

Employment opportunities in the oil sector

C.

Rural-urban drift

D.

Low prices of agricultural products

Correct answer is C

No explanation has been provided for this answer.