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UI Post-UTME Economics 2021 (Model questions) Question 22

Question 22

Basic Concepts

Which of the following is not an economic good?

  1. A.Economics text book
  2. B.Today's newspaper
  3. C.Sunlight
  4. D.Irrigation water from a dam
Show the answer and explanation

Answer: C (Sunlight)

Explanation

Sunlight is free and not scarce, so it is a free good; the others have a price.