One Argument Why Farmers in Poor Countries Remain Poor Is

question 105

Multiple Choice

One argument why farmers in poor countries remain poor is:

• A) they know very little about farming techniques needed for the crop they are growing.
• B) they are poor assessors of the risks they face.
• C) risk taking is a deterrent to growth.
• D) poor farmers in many countries lack access to commodity futures markets.

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Definitions:

Low Risk Assets

Financial assets that are deemed to carry a low chance of losing value, typically offering lower potential returns.

High Risk Assets

Investments that offer the potential for higher returns but come with a greater possibility of loss.

Return

The process of bringing back a purchased product to the seller or store, often for a refund or exchange.

Monopoly Firm

A company that is the sole provider of a product or service in a market, resulting in a lack of competition.