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WAEC Economics 2022 Question 3

Question 3

Natural Resources and Petroleum

A major characteristics of natural resources is that they

  1. A.are unlimited in supply
  2. B.have high cost of production
  3. C.are free gifts of nature
  4. D.do not command any price
Show the answer and explanation

Answer: C (are free gifts of nature)

Explanation

Natural resources are provided by nature, not made by people.