Question: QUESTION FOUR a) It has been argued for decades that monetary policy and exchange rates are more important than agricultural policy in determining farm

QUESTION FOUR a) It has been argued for decades that monetary policy

QUESTION FOUR a) It has been argued for decades that monetary policy and exchange rates are more important than agricultural policy in determining farm income and its variability. Discuss. (6 mks) b) In economics, wealth is synonymous with economic goods and consists of all potentially exchangeable means of satisfying human wants. i) ii) Highlight the major characteristics of wealth. (3 mks) Explain the types of wealth and distinguish between wealth and welfare. (6 mks)

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