Causes Of Instability In Agricultural Incomes Jamb Economics Past Questions
Question 1
Given 0.25, 1.25, 1.80, 1.110, 10.20, 10.15 and 1.55.
Determine the range?
- A. 0.25
- B. 10.00
- C. 1.55
- D. 9.95
Question 2
The hoarding of goods is usually experienced when
- A. supply is greater than demand
- B. the market price above the equilibrium price
- C. demand is greater than supply
- D. excess demand is greater than excess supply
Question 3
One of the major problems of product distribution in most developing countries is?
- A. lack of storage facilities
- B. large number of middlemen
- C. inadequate manpower
- D. inadequate means of transportation
Question 4
A major effect of a long distribution chain is?
- A. high retail prices
- B. scarcity of commodities
- C. low retail prices
- D. low producer earnings
Question 5
The primary barrier to land reform in developing countries is the?
- A. frequent opposition by the landlords
- B. realization that output levels might fall
- C. fear that peasants will be cut off from credit
- D. general contentment with the present arrangement
