Instability in agricultural incomes - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 2019

A demand which gives rise to the reverse of the law of demand is__________

A. Derived demand
B. Joint demand
C. Abnormal demand
D. Composite demand

Question 2:

• JAMB 2017

One of the major causes of farmers' unstable income in Nigeria is _________

A. The effect of diseases and pests
B. Industrial pollution
C. Mining and extraction activities
D. Population growth

Question 3:

• JAMB 1992

Farmers' income may fall if they produce more cash crops for export because?

A. Foreign demand is inelastic
B. The price of the crops will rise
C. Of domestic currency depreciation
D. Of export duties

Question 4:

• JAMB 2000

One problem in the marketing of agricultural products in Nigeria is?

A. The seasonal nature of the commodities
B. High price of the commodities
C. The changing tastes of consumers
D. Inadequate storage facilities

Question 5:

• JAMB 2000

Increased output will cause farmers' revenue to decrease when market demand is?

A. Elastic
B. Inelastic
C. Unitary elastic
D. Perfectly elastic