JAMB Commerce 2017 Objective — Question 8
Question 8 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2017 Objective paper, with the correct answer and a full explanation.
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Which of these factors of production is relatively fixed in supply?
- A. A. Natural resourcesCorrect
- B. B. Human resources
- C. C. Capital
- D. D. Entrepreneur
Explanation
Natural resources (land) are fixed in supply, unlike capital, labour or entrepreneurship which can be expanded.
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