Post Utme Joseph Ayo Babalola University 2020 Economics Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2020 Economics Objective / Multiple Choice
Question 35 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • ECONOMICS • objective

The concept of industrialization in Nigeria implies the development of industries to produce goods and services. Which of the following statements best describes the impact of industrialization on the economy?

Answer Options

A. Industrialization increases the unemployment rate.
Correct Answer B. Industrialization decreases the unemployment rate.
C. Industrialization has no impact on the unemployment rate.
D. Industrialization increases the inflation rate.
Correct Answer
B
Correct Option:
Industrialization decreases the unemployment rate.

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Economics Question 35. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Economics examination.

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