WAEC Economics 2022 Objective — Question 3
Question 3 of 50 from the West African Examinations Council (WAEC) Economics 2022 Objective paper, with the correct answer and a full explanation.
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A major characteristic of natural resources is that they
- A. are unlimited in supply
- B. have high cost of production
- C. are free gifts of natureCorrect
- D. do not command any price
Explanation
Natural resources are free gifts of nature — they are not manufactured or invented by anyone.
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