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JAMB Economics 2002 Question 47

Question 47

Industrialisation

One of the problems arising from the localization of industries is

  1. A.high prices of output
  2. B.the exportation of output
  3. C.the scarcity of foreign exchange
  4. D.structural unemployment
Show the answer and explanation

Answer: D (structural unemployment)

Explanation

When the dominant industry of an area declines, many workers with the same skills lose their jobs at once: structural unemployment.