JAMB Economics Past Questions & Answers - Page 335

1,671.

Which of the following is likely to be inflationary?

A.

Tax increase

B.

Increase in unemployment

C.

Budget surplus

D.

Wages increase

Correct answer is D

No explanation has been provided for this answer.

1,672.

If the same basket of goods which cost N12.00 in 1985 cost N15.00 in 1987, price index for 1987 is

A.

25

B.

80

C.

100

D.

125

Correct answer is D

No explanation has been provided for this answer.

1,673.

Which of the following will be the effect of allowing only economic factors to dedicate the location of industries in Nigeria?

A.

A more even development of the different parts of the country will be assured

B.

There will be an unbalanced spread in the distribution of industries

C.

The less developed parts of the country will be able to attract more industries

D.

Only the government will be able to finance the establishment of industries

Correct answer is B

No explanation has been provided for this answer.

1,674.

Which of the following factors is the most important in siting a petrol-chemical plants?

A.

Nearness to the source of raw materials

B.

Nearness to the source of power

C.

Availability of labour

D.

Proximity to financial institutions

Correct answer is A

No explanation has been provided for this answer.

1,675.

Capital provided by individuals to the firm by purchasing stocks is called

A.

Debt capital

B.

Fixed capital

C.

Circulating capital

D.

Equality capital

Correct answer is D

No explanation has been provided for this answer.