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WAEC Economics 2025 Question 28

Question 28

Theory of Production

One of the distinguishing features of land is that it is fixed in supply. This means that

  1. A.it can be put to unlimited uses.
  2. B.its quality is the same everywhere.
  3. C.its total surface area cannot be changed.
  4. D.it is a free gift of nature.
Show the answer and explanation

Answer: C (its total surface area cannot be changed.)

Explanation

Fixed supply means the total amount of land cannot be increased.