JAMB and WAEC Economics questions

745 questions with answers and explanations. Tap an option to check yourself.

All JAMB WAEC

Question 441· Natural resources and the Nigerian economy· JAMB
The upstream sector of the petroleum industry is concerned with
Show answer
Answer: A. exploration and production of crude oil
Explanation and discussion
Question 442· Natural resources and the Nigerian economy· WAEC
Tin and columbite are mined mainly on the
Show answer
Answer: B. Jos Plateau
Explanation and discussion
Question 443· Natural resources and the Nigerian economy· JAMB
Over-dependence on crude oil makes Nigeria's economy vulnerable to
Show answer
Answer: B. swings in world oil prices
Explanation and discussion
Question 444· Natural resources and the Nigerian economy· WAEC
OPEC regulates oil production mainly through
Show answer
Answer: A. production quotas
Explanation and discussion
Question 445· Natural resources and the Nigerian economy· WAEC
A renewable natural resource is one that
Show answer
Answer: C. can be replaced naturally if well managed
Explanation and discussion
Question 446· Natural resources and the Nigerian economy· WAEC
Gas flaring is wasteful because it
Show answer
Answer: C. burns off a resource that could provide power and income
Explanation and discussion
Question 447· Natural resources and the Nigerian economy· WAEC
Coal in Nigeria has been mined mainly around
Show answer
Answer: B. Enugu
Explanation and discussion
Question 448· Natural resources and the Nigerian economy· JAMB
Natural gas in Nigeria is increasingly used for
Show answer
Answer: D. power generation and export as LNG
Explanation and discussion
Question 449· Natural resources and the Nigerian economy· JAMB
When the world price of crude oil falls sharply, Nigeria's main problem is likely to be
Show answer
Answer: C. a fall in foreign exchange earnings and government revenue
Explanation and discussion
Question 450· Natural resources and the Nigerian economy· JAMB
Gas flaring is wasteful because
Show answer
Answer: A. valuable energy is burned off and the environment is polluted
Explanation and discussion
Question 451· Natural resources and the Nigerian economy· WAEC
Which of these is a natural resource?
Show answer
Answer: A. limestone deposits
Explanation and discussion
Question 452· Natural resources and the Nigerian economy· JAMB
Coal has historically been mined in large quantities at
Show answer
Answer: B. Enugu
Explanation and discussion
Question 453· Natural resources and the Nigerian economy· JAMB
'Dutch disease' describes a situation in which
Show answer
Answer: A. a natural-resource boom causes other sectors such as agriculture and manufacturing to decline
Explanation and discussion
Question 454· Natural resources and the Nigerian economy· WAEC
A major problem caused by oil exploration in the Niger Delta is
Show answer
Answer: A. environmental pollution
Explanation and discussion
Question 455· Natural resources and the Nigerian economy· WAEC
The 'Dutch disease' in Nigeria refers to
Show answer
Answer: B. the decline of other export sectors after the oil boom
Explanation and discussion
Question 456· Natural resources and the Nigerian economy· JAMB
Before crude oil, Nigeria earned most of its foreign exchange from
Show answer
Answer: D. agricultural exports such as cocoa, groundnut and palm produce
Explanation and discussion
Question 457· Population· JAMB
The 2006 census put Nigeria's population at about
Show answer
Answer: A. 140 million
Explanation and discussion
Question 458· Population· JAMB
Malthus argued that population growth would be checked by
Show answer
Answer: C. famine, disease and war
Explanation and discussion
Question 459· Population· WAEC
A high dependency ratio means that
Show answer
Answer: A. a large share of the population depends on a small working population
Explanation and discussion
Question 460· Population· JAMB
A large population can benefit an economy by providing
Show answer
Answer: C. a large market and labour force
Explanation and discussion

Practise Economics like the real exam. A timed CBT, your score, and the topics to fix.

Start a Economics test

JAMB and WAEC Economics questions

The upstream sector of the petroleum industry is concerned with

Tin and columbite are mined mainly on the

Over-dependence on crude oil makes Nigeria's economy vulnerable to

OPEC regulates oil production mainly through

A renewable natural resource is one that

Gas flaring is wasteful because it

Coal in Nigeria has been mined mainly around

Natural gas in Nigeria is increasingly used for

When the world price of crude oil falls sharply, Nigeria's main problem is likely to be

Gas flaring is wasteful because

Which of these is a natural resource?

Coal has historically been mined in large quantities at

'Dutch disease' describes a situation in which

A major problem caused by oil exploration in the Niger Delta is

The 'Dutch disease' in Nigeria refers to

Before crude oil, Nigeria earned most of its foreign exchange from

The 2006 census put Nigeria's population at about

Malthus argued that population growth would be checked by

A high dependency ratio means that

A large population can benefit an economy by providing