Post Utme Skyline University 2023 Economics Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2023 Economics Objective / Multiple Choice
Question 22 POST_UTME_SKYLINE_UNIVERSITY • 2023 • ECONOMICS • objective

Agricultural development in Nigeria has been hindered by the lack of access to credit facilities for farmers. Which of the following is a correct statement about the impact of credit constraints on agricultural production?

Answer Options

Correct Answer A. Credit constraints lead to a decrease in agricultural production due to the inability to purchase inputs.
B. Credit constraints lead to an increase in agricultural production due to the ability to purchase inputs.
C. Credit constraints have no impact on agricultural production.
D. Credit constraints lead to a decrease in agricultural production due to the inability to purchase equipment.
Correct Answer
A
Correct Option:
Credit constraints lead to a decrease in agricultural production due to the inability to purchase inputs.

About This Question

This is Post Utme Skyline University 2023 Economics Question 22. It is one of the objective questions from the 2023 Post Utme Skyline University Economics examination.

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