The money market equilibrium is defined as_________

when the demand and supply of money are equal

when demand is greater than supply of money

when demand is less than supply of money

when supply is greater than demand for money

An example of a vertical combination is the merger of_________

a spinning firm and a wearing firm

two very large wholesale textile distributors

three secretarial employment agencies in one town

If two commodities are unrelated, a change in the price of one will____________

have no effect on the quantity demanded of the other

have effect on the quantity demanded of the other

have no effect on the quantity demanded of the other

increase the quantity demanded on the other

decrease the quantity demanded on the other

A supply curve slopes upwards from the left to the right indicating__________

a backward sloping supply curve

The term M 33 comprises M 11 together with deposits on deposit account held by_______

banks, discount houses and stock, exchanges

ECOWAS was formed for the purpose of________

promoting co-operation and integration

to facilitate the expansion of international trade

The oil boom between 1970 - 1980 caused the oil sector to become____________

management of spillage and pollution

protection to the local operators in the petroleum industry

decrease in the rate of inflation

One of these is not a problem of agriculture___________

lack of preservation and storage facilities

JAMB UTME - Economics - 2019 | Green Bridge CBT

Question 1 Report

One of these is not a way by which government encourage industrialization?

Protection of Infant industries

Establishment of Nigeria Enterprises Promotion Decree

Low Productivity and inefficiency Correct answer

Establishment of higher institutions

Answer Details

Low productivity and inefficiency is not a way by which government encourages industrialization. In fact, it is the opposite. Encouraging industrialization means creating a favorable environment for businesses to grow and increase productivity. Low productivity and inefficiency hinder the growth of industries, making it difficult for the government to encourage industrialization. On the other hand, protection of infant industries, establishment of Nigeria Enterprises Promotion Decree, and establishment of higher institutions are ways by which the government can encourage industrialization. Protection of infant industries involves offering support and protection to new and growing businesses to help them establish and grow. The establishment of Nigeria Enterprises Promotion Decree provides support and incentives for local businesses to grow and expand. The establishment of higher institutions provides a well-educated workforce, which is essential for industrial growth and development.






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