The following are the objectives of agricultural policies in Nigeria EXCEPT?
A. provision of food B. provision of agricultural raw materials to industrial sectors C. increasing prices of agricultural Inputs D. creation of rural employment Correct Answer: Option C – increasing prices of agricultural...
If two bags of rice were sold for N1250 a mouth ago and two weeks later; the same amount was used to procure one bag. This simply means that the value of money is?
A. constant B. decreasing C. fluctuating D. increasing E. proportional Correct Answer: Option B – decreasingAn industry engaged in the extraction of raw materials and its conversion into semi-finished goods is called industry?
A. construction B. conversion C. manufacturing D. mining E. processing Correct Answer: Option C – manufacturing
Production is said to be complete when goods and services gets to the?
A. consumers B. distributors C. retailers D. warehouses E. wholesalers Correct Answer: Option A – consumers
When an increase in the price of a commodity lead to a fall In the demand for another; the demand for the two commodities are said to be?
A. abnormal B. competitive C. composite D. derived E. joint Correct Answer: Option E – jointProducts
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