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Economics · May / June 2020 · Paper 12 · Question 1

2281Factors of production

In 2016, 20 billion barrels of oil and 1.6 billion barrels of natural gas were discovered in Texas, US. Which factor of production has increased in the US due to this discovery?

  1. Acapital
  2. Benterprise
  3. Clabour
  4. Dland

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Correct answer: D. land

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