Post Utme Uniport 2024 Economics Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Uniport Economics examination.

Post Utme Uniport 2024 Economics Objective / Multiple Choice
Question 16 POST_UTME_UNIPORT • 2024 • ECONOMICS • objective

The concept of 'dualism' in the context of agriculture and industrialization in Nigeria refers to the coexistence of two distinct economic systems, one based on traditional farming practices and the other on modern industrial methods. Which of the following best describes the implications of this dualism on Nigeria's economic development?

Answer Options

Correct Answer A. The dualism leads to a dichotomy between the modern and traditional sectors, hindering economic growth and development.
B. The dualism creates opportunities for innovation and entrepreneurship, driving economic growth and development.
C. The dualism leads to a concentration of wealth and power in the hands of a few individuals, exacerbating income inequality.
D. The dualism has no significant impact on Nigeria's economic development.
Correct Answer
A
Correct Option:
The dualism leads to a dichotomy between the modern and traditional sectors, hindering economic growth and development.

About This Question

This is Post Utme Uniport 2024 Economics Question 16. It is one of the objective questions from the 2024 Post Utme Uniport Economics examination.

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