Things become resources only when they have VALUE. Among the following, which has economic value but the others may not?
ABeautiful landscape
BOld folk songs
CIron ore
DAffection from friends
Answer & Solution
Correct answer: C. Iron ore
Iron ore has clear economic (commercial) value — it can be bought, sold and converted into iron products. The other three may have aesthetic, cultural, or emotional value but no direct economic value. Note: a resource doesn't have to have economic value to be important — but iron ore is the one in this list that does.
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