JAMB Commerce 2014 Objective — Question 5

Question 5 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2014 Objective paper, with the correct answer and a full explanation.

An important feature of land is that it

A. has an elastic supply
B. is an active factor of production
C. is heterogeneous in natureCorrect
D. is subject to returns to scale

Explanation

Land is heterogeneous in nature because it has different resources that can be obtained from it, such as water, crude oil, wood, and farms.

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