WAEC Economics 2014 Objective — Question 14
Question 14 of 50 from the West African Examinations Council (WAEC) Economics 2014 Objective paper, with the correct answer and a full explanation.
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Which of the following agencies helps to stabilize farmers' income?
- A. Local government authorities
- B. Trade unions
- C. Marketing boardsCorrect
- D. Co-operative organizations
Explanation
Marketing boards are agencies set up by the government to regulate the marketing of agricultural produce. They buy the excess and store it up during periods of bumper harvest and supply when there is scarcity, helping to smoothen out price fluctuations.
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