Concepts And Effects Of Location And Localization Of Industry In Nigeria Jamb Economics Past Questions
Question 6
Which of the following is an advantage of localization of industry?
- A. Development of subsidiary firms
- B. creation of parallel market
- C. development of slums
- D. attraction of foreign capital
Question 7
Localization of industry is encouraged because of
- A. Low interest charges on loans
- B. High standard of living
- C. Low foreign exchange rate
- D. Improvements in infrastructure
Question 8
The concentration of industries in a particular geographical area is
- A. localization of industries
- B. roles of industrialization
- C. location of industry
- D. strategies of industrialization
Question 9
A major disadvantage of localization of industry is
- 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
Question 10
A major consideration in locating a cement factory is the availability of
- A. skilled labour
- B. power
- C. infrastructural facilities
- D. limestone
