ECONOMICS (CBSE/UGC NET)

ECONOMICS

SCARCITY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following refers to the resource of land?
A
bus drivers
B
iron ore
C
money
D
machinery
Explanation: 

Detailed explanation-1: -Iron ore is a non-renewable mineral resource.

Detailed explanation-2: -The correct answer is Siderite.

Detailed explanation-3: -There are four main types of iron ore deposits worked currently, depending on the mineralogy and geology of the ore deposits. These are magnetite, titanomagnetite, massive hematite and pisolitic ironstone deposits.

Detailed explanation-4: -Haematite, magnetite, iron pyrites, etc. are the minerals of iron.

There is 1 question to complete.