by Sunday | Oct 23 | Economics JAMB
A. sufficient food production B. a vibrant commodity market C. capital inflow D. stable export prices Correct Answer: Option A – sufficient food production Explanation One of the major reasons for investing in the agricultural sector is for sufficient food...
by Sunday | Oct 23 | Economics JAMB
A. oversee the development of the oil sector B. develop the oil-producing area C. fix the price of products D. ensure regular supply of products Correct Answer: Option A – oversee the development of the oil sector Explanation NNPC has sole responsibility for...
by Sunday | Oct 23 | Economics JAMB
A. ineffective use of stabilization measures B. inadequate demand C. poor implementation of policies D. balance of payments deficits Correct Answer: Option C – poor implementation of policies
by Sunday | Oct 23 | Economics JAMB
A. management of pollution B. marketing of refined products C. exploration of crude oil D. refining of crude oil Correct Answer: Option C – exploration of crude oil Explanation Upstream refers to points in production that originate early on in the processes....
by Sunday | Oct 23 | Economics JAMB
A. domestic production B. large-scale production C. importation D. exportation Correct Answer: Option A – domestic production Explanation Import substitution also referred to as import substitution industrialization (ISI), is a set of policies that addresses the...
by Sunday | Oct 23 | Economics JAMB
A. increase revenue B. reduce aggregate demand C. curb inflation D. stimulate investment Correct Answer: Option C – reduce aggregate demand