Jamb Economics Past Questions For Year 2002
Question 11
ECOWAS has taken a giant step towards economic integration by?
- A. presenting a united front against foreign economic exploiters
- B. introducing a common currency for travellers
- C. holding frequent meeting at various state capitals
- D. increasing economic stability among members states
Question 12
One of the major criticisms of the 1992-1968 National development Plan was that?
- A. it failed to incorporate lessons gained from earlier plans to enhance its efficiency
- B. it came too quickly after the country's indepedence
- C. planned expenditure was based too heavily on expected earnings from crude oil
- D. its execution was based largely on foreign sourced financial resources
Question 13
As a country gets more developed, the percentage of labour engaged in agriculture tends to?
- A. remain constant
- B. decrease steadily
- C. switch over to trading
- D. increase steadily
Question 14
The major purpose of African Development Bank is to?
- A. provide loans for trade development
- B. provide loans for infrastructural development
- C. provide loans for develpment banks in distress
- D. educate peasant farmers in new techniques
Question 15
One of the problems arising from the localization of industries is?
- A. high prices of output
- B. the exportation of output
- C. the scarcity of foreign exchange
- D. structural unemployment
