NECO Economics 2007 Objective — Question 21

Question 21 of 60 from the National Examinations Council (NECO) Economics 2007 Objective paper, with the correct answer and a full explanation.

Which of the following is not a feature of land?

A. Fixed in supply
B. Free gift of nature
C. Mobility

Explanation

Land has a fixed supply, is a gift of nature, has mobility (in terms of use), and is subject to diminishing returns. Variability is not a characteristic or feature of land as a factor of production.

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