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Economics · Oct / Nov 2019 · Paper 13 · Question 1

2281The nature of the basic economic problem

What identifies a finite resource?

  1. AThe resource does not renew itself.
  2. BThe supply of the resource is greater than demand.
  3. CThere is no opportunity cost for the resource.
  4. DThere is unlimited supply of the resource.

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Correct answer: A. The resource does not renew itself.

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