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.

12. Mono-product economies are those that

A. (A) depend on agriculture
B. (B) produce only raw materials
C. (C) depend more on imports
D. (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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