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Crude petroleum is a good example of a?

Economics
JAMB 1998

Crude petroleum is a good example of a?

  • A. lasting asset
  • B. wasting asset
  • C. synthetic product
  • D. costless resources
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Correct Answer: Option B
Explanation

Wasting assets are resources that have a limited lifespan and are depleted over time, such as natural resources like crude oil.

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