ECONOMICS
SCARCITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is NOT and example of a LAND resource
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water
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minerals
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toothpaste
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crude oil
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Explanation:
Detailed explanation-1: -Detailed Solution. The correct answer is Marginal land.
Detailed explanation-2: -Some common land or natural resources are water, oil, copper, natural gas, coal, and forests. Land resources are the raw materials in the production process. These resources can be renewable, such as forests, or nonrenewable such as oil or natural gas.
Detailed explanation-3: -So, electricity is not a natural resource.
Detailed explanation-4: -Petrol, metals, soil, sand, wind, water and everything in between are natural resources. Manufactured items such as plastic, sheet metal, fabrics, microchips, electricity and concrete are not natural resources, but are most definitely derived from natural resources.
There is 1 question to complete.