by Sunday | Jan 14 | Agricultural Science WAEC
A. appreciation B. depreciation C. capitalization D. salvage value Correct Answer: Option B B. depreciation Explanation Choice B is correct. The wear and tear of farm structures over time is described as depreciation
by Sunday | Jan 14 | Agricultural Science WAEC
A. land B. labour C. capital D. entrepreneurship Correct Answer: Option D D. entrepreneurship Explanation The factor of production whose reward is profit is entrepreneurship. The reward for land is rent, the reward for labour is wages or salaries while the reward for...
by Sunday | Jan 14 | Agricultural Science WAEC
A. family labour B. paid labour C. skilled labour D. migrant labour Correct Answer: Option A A. family labour Explanation The type of labour available to peasant farmers is family labour because most peasant farmers practise subsistence agriculture. Choice A is...
by Sunday | Jan 14 | Agricultural Science WAEC
A. Government B. International Monetary Fund C. Merchant Banks D. Money Lenders Correct Answer: Option D D. Money Lenders Explanation Choice D is correct because most rural farmers don’t actually have access to merchant banks, IMF, government...
by Sunday | Jan 14 | Agricultural Science WAEC
A. elastic B. inelastic C. unitary D. static Correct Answer: Option B B. inelastic Explanation Choice B is correct. A price-inelastic demand would mean that an increase in price would not necessarily lead to a decline in quantity demanded or in case it does proportion...