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WAEC Agricultural Science 1995 Question 55

Question 55

Basic Agricultural Economics

Land in agricultural business is said to be a durable asset. This means land

  1. A.value is realized over several years
  2. B.will yield nothing except through cropping
  3. C.can be generated through reclamation
  4. D.can only be used for a short period of time
  5. E.is much more valuable than labour and capital.
Show the answer and explanation

Answer: A (value is realized over several years)

Explanation

A durable asset lasts and gives value over many years.