by Sunday | Oct 22 | Economics JAMB
A. efficiency in pricing and distribution of the products B. an end to the importation of fuel C. an end to foreign firms’ dominance D. fixing appropriate production quotas Correct Answer: Option A – efficiency in pricing and distribution of the products...
by Sunday | Oct 22 | Economics JAMB
A. annual increase in production B. formation of OPEC C. high demand for crude oil D. huge investment outlay Correct Answer: Option B – formation of OPEC
by Sunday | Oct 22 | Economics JAMB
A. public offer B. indigenization C. privatization D. nationalization Correct Answer: Option C – privatization Explanation Privatization of public corporations is one of the ways to maintain efficiency in the sector. This happens when government owned and...
by Sunday | Oct 22 | Economics JAMB
A. market B. power supply C. water D. raw materials Correct Answer: Option A – market Explanation The most important determinant of the location of an industry that is into bricks production is the market. This has to do with people who are willing and able to...
by Sunday | Oct 22 | Economics JAMB
A. the presence of large-scale agro-allied industries B. high dependency ratio C. over dependence on agriculture for subsistence D. the use of crude implements in farming process Correct Answer: Option D – the use of crude implements in farming process...
by Sunday | Oct 22 | Economics JAMB
A. cultivate high breed crops B. process them into finished goods C. adopt modern storage methods D. advertise them in European markets Correct Answer: Option C – adopt modern storage methods Explanation Most agricultural produces are perishables and do not last...