by Sunday | Oct 23 | Economics JAMB
A. technological development B. foreign exchange earnings C. raw materials processing D. labour employment Correct Answer: Option D – labour employment Explanation Small scale businesses contribute hugely to the economy by means of employment, by engaging people...
by Sunday | Oct 23 | Economics JAMB
A. labour B. raw materials C. power D. capital Correct Answer: Option B – raw materials Explanation The sugar industry is best located near the source of raw material. Raw materials can be explained as substance or material used in the manufacturing or primary...
by Sunday | Oct 23 | Economics JAMB
A. controlling the prices of agricultural products B. ensuring self-sufficiency in food production C. reducing agricultural exports D. establishing commodity boards Correct Answer: Option B – ensuring self-sufficiency in food production Explanation One of the...
by Sunday | Oct 23 | Economics JAMB
A. cassava B. cotton C. cocoa D. soya beans Correct Answer: Option C – cocoa Explanation Cocoa is the leading agricultural export of the country and Nigeria is currently the world’s fourth largest producer of Cocoa, after Ivory Coast, Indonesia and Ghana,...
by Sunday | Oct 23 | Economics JAMB
A. control inflation B. reduce poverty C. redistribute income D. raise standard of living Correct Answer: Option C – redistribute income
by Sunday | Oct 23 | Economics JAMB
A. continuous dependence on oil B. concentrating more on agriculture C. developing the tourism industry D. diversifying the economy Correct Answer: Option D – diversifying the economy