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WAEC Agricultural Science 2002 Question 4

Question 4

Agricultural Finance

When the government provides subsidies in agriculture,

  1. A.farm inputs are made available to farmers at reduced prices
  2. B.farmers obtain loans from agricultural banks
  3. C.farmers are given extended time to repay loans
  4. D.farming becomes less attractive
Show the answer and explanation

Answer: A (farm inputs are made available to farmers at reduced prices)

Explanation

A subsidy means government pays part of the cost, so inputs are cheaper.