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Economics · May / June 2018 · Paper 12 · Question 1

2281The nature of the basic economic problem

In economics, natural sunlight is classified as a free good. What is the reason for this?

  1. ASunlight is a gift of nature.
  2. BSunlight is a renewable resource.
  3. CThere is no opportunity cost of using sunlight.
  4. DUnlimited amounts of sunlight can be consumed.

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Correct answer: C. There is no opportunity cost of using sunlight.

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