JAMB Economics 2018 Objective — Question 22

Question 22 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2018 Objective paper, with the correct answer and a full explanation.

In Nigeria, import substitution industrialization strategy is faced with the problem of

A. Funding
B. Preference for foreign goodsCorrect
C. Politicization
D. Scarcity of local goods

Explanation

Nigerians' strong preference for imported (foreign) goods over locally made products undermines import substitution efforts.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Economics 2018 Objective More Economics past papers