WAEC Economics 2015 Objective — Question 2
Question 2 of 50 from the West African Examinations Council (WAEC) Economics 2015 Objective paper, with the correct answer and a full explanation.
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Which of the following cannot be described as land?
- A. Forest
- B. Diamond
- C. RoadsCorrect
- D. Crude oil
Explanation
Land as a factor of production refers to all free gifts of nature (forests, minerals like diamond, crude oil), while roads are man-made and therefore capital, not land.
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