Categories: Economics WAEC

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 nature
D. do not command any price

Correct Answer:

Option C – are free gifts of nature

Explanation

Natural resources exist naturally unlike man made resources that are created by human beings. The existence of natural resources is not attributed to any human activities, they are acts of nature.

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