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WAEC Economics 2016 Question 29

Question 29

Agriculture

Which of the following will encourage capital intensive farming?

  1. A.Encouraging communal system of land ownership
  2. B.Adopting policies that will encourage rural-urban migration
  3. C.Provision of subsidies on equipment
  4. D.Restrictive lending policies by banks
Show the answer and explanation

Answer: C (Provision of subsidies on equipment)

Explanation

Subsidies make machines cheaper for farmers to buy.