JAMB Economics 2022 Objective — Question 12

Question 12 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2022 Objective paper, with the correct answer and a full explanation.

Mono-product economies are those that

A. depend on agriculture
B. produce only raw materials
C. depend more on imports
D. produce one main commodityCorrect

Explanation

An economy is described as a mono-product (mono-economy) when it produces mainly one product.

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