JAMB Economics 2014 Objective — Question 33
Question 33 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2014 Objective paper, with the correct answer and a full explanation.
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A major obstacle to the development of Nigerian economy is
- A. rural-urban migration
- B. overdependence on oil
- C. poor development policies
- D. low capital formationCorrect
Explanation
Low capital formation is one of the problems to the development of Nigeria economy, because the stock of physical and human capital is one of the factors that determine the economic growth of a nation, which in turn leads to economic development.
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