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JAMB Economics 2014 Question 37

Question 37

Industrialisation

A major disadvantage of localization of industry is

  1. A.the risk of seasonal unemployment.
  2. B.under-utilization of installed industrial capacity.
  3. C.the risk of structural unemployment.
  4. D.over-utilization of installed industrial capacity.
Show the answer and explanation

Answer: C (the risk of structural unemployment.)

Explanation

If the one industry a town depends on declines, many workers lose their jobs at once, causing structural unemployment.