by Sunday | Oct 21 | Economics JAMB
A. downstream sector of the oil industry B. upstream and downstream sector of the oil industry C. upstream sector of the oil industry D. midstream and upstream sectors of the oil industry Correct Answer: Option C – upstream sector of the oil industry Explanation...
by Sunday | Oct 21 | Economics JAMB
A. provision of social infrastructures B. granting of subsidies on petroleum products C. stabilization of oil prices D. building of refineries Correct Answer: Option C – stabilization of oil prices Explanation OPEC aims to regulate the supply of oil in order to...
by Sunday | Oct 21 | Economics JAMB
A. tax exemption grant B. its proximity to the market C. the capital base D. the social responsibility of the firm Correct Answer: Option B – its proximity to the market Explanation Factors responsible for location of Industries Some of them are, raw material,...
by Sunday | Oct 21 | Economics JAMB
A. the risk of structural unemployment B. over-utilization of installed industrial capacity C. the risk of seasonal unemployment D. under-utilization of installed industrial capacity Correct Answer: Option D – under-utilization of installed industrial capacity...
by Sunday | Oct 21 | Economics JAMB
A. providing research and massive employment of labour B. redistributing national income to various regions of the country C. encouraging the use of traditional implements D. encouraging urban-rural migration Correct Answer: Option A – providing research and...