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JAMB Economics 2007 Question 42

Question 42

Agriculture

A country would develop its agricultural sector first so as to

  1. A.stabilize the prices of agricultural products
  2. B.stabilize the prices of industrial products
  3. C.create a market for the agricultural sector
  4. D.create a market for the industrial sector
Show the answer and explanation

Answer: D (create a market for the industrial sector)

Explanation

Higher farm incomes give farmers money to buy manufactured goods, creating a market for the industrial sector.