Contributions Of The Oil And Non-oil Sectors To The Nigerian Economy Jamb Economics Past Questions
Question 11
Which of the following cannot be classified as a natural resource?
- A. Iron rod
- B. Wild life
- C. Solar energy
- D. Gold
Question 12
One benefit a country can derive from the extraction of crude oil is increase in
- A. population
- B. employment
- C. money supply
- D. demand for imports
Question 13
Crude petroleum is a good example of a?
- A. lasting asset
- B. wasting asset
- C. synthetic product
- D. costless resources
Question 14
The petroleum industry in Nigeria is?
- A. the sole source of the nation's revenue
- B. the oldest industry in the country
- C. the mainstay of the economy
- D. a factor in the decline in the nation's foreign reserves
Question 15
The land tenure system in Nigeria impedes agricultural production because?
- A. land fragmentation makes possible easy access to land ownership
- B. it discourages specialization of factors of production
- C. it limits opportunity for mass production of agricultral goods
- D. small land holders generally do not get enough fertilizer to use
