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JAMB Economics 2003 Question 49

Question 49

Agriculture

Fixing the prices of agricultural products can be a problem because of the

  1. A.activities of marketing boards
  2. B.size of agricultural exports
  3. C.instability of government policies
  4. D.unpredictable output of farmers
Show the answer and explanation

Answer: D (unpredictable output of farmers)

Explanation

Farm output depends on weather and seasons and varies from year to year, which makes fixed prices hard to maintain.