Question 356:

• WAEC 1990

Investments with long life span in agricultural economics are otherwise known as

A. Labour
B. Entrepreneurship
C. Savings deposit
D. Profit
E. Capital

Question 357:

• WAEC 1990

Under normal circumstances, the concept of consumer sovereignty in agriculture implies that

A. The consumer and not the farmer determines what to produce
B. Both the farmer and the consumer determine what to produce
C. The consumer and not the farmer owns the means of production
D. The environmental factors determine what to produce
E. The farmer determines what to produce

Question 358:

• WAEC 1990

Agricultural credits given to farmers in form of cash are used by the farmer to

A. Disseminate the lastest technique in farming
B. Implement new policies
C. Investigate the cause of low agricultural production
D. Make the total cash value of his crops greater than his expenses
E. Pay for expenses in his farming business

Question 359:

• WAEC 1990

Farm records and account help the farmer to

A. Manage his farm as a business
B. Repair his tools and machinery
C. Transport his crop to the market
D. Be less dependent on farming for an income
E. Adopt modern techniques of farming

Question 360:

• WAEC 1990

The disbanded produce marketing boards in Nigeria dealt with the following commodities except

A. Oil palm
B. Rubber
C. Cocoa
D. Groundnut
E. Yam