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WAEC Economics 2011 Question 15

Question 15

Theory of Production

Which of the following is not true about land?

  1. A.The supply is fixed
  2. B.Land is mobile
  3. C.It is subject to diminishing returns
  4. D.Land is heterogeneous
Show the answer and explanation

Answer: B (Land is mobile)

Explanation

Land cannot be moved from place to place; it is geographically immobile.