Industry And Industrialization Jamb Economics Past Questions
Question 1
Industrialization is the process of___________
- A. concentrating a firm in a place
- B. transforming as economy based on extractive to manufacturing
- C. transferring a government industry to individual
- D. transforming finished goods into semi-finished goods
Question 2
A constraint on the expansion of a firm is the
- A. Rate of advertisement
- B. Level of producers income
- C. Tastes of the consumers
- D. Size of the market
Question 3
The slow pace of industrial growth in Nigeria can be attributed to__________?
- A. lack of raw materials
- B. lack of market for produce
- C. inadequate skilled labour
- D. over-dependence on the oil sector
Question 4
Industrial development in Nigeria can be encouraged through
- A. signing WTO treaty
- B. granting subsidies
- C. the provision of efficient infrastructure
- D. direct government participation
Question 5
One major factor that determines the location of an industry is
- A. tax exemption grant
- B. its proximity to the market
- C. the capital base
- D. the social responsibility of the firm
