Question

Which of the following resources have maximum economic value?
A) Metals
B) Desert regions
C) Roads
D) Landscapes​

Answer 1

Answer:

A) Metals

Explanation:

Minerals and trees are resources with great economic value. These are a countries extremely valuable but short lived possessions. Therefore they must be used judiciously. These are renewable but takes a long time.

Answer 2

A) Metals

• Value means value.
• Some resources have economic value while others do not.
• For example, a metal may have economic value, but a beautiful landscape may not.
• However, both are important and meet human needs.
• Economic valuation provides a means to measure and compare the various benefits of fisheries and ecosystems and can be a powerful tool to support and facilitate their wise use and management.
• It attempts to measure the goods and services provided by natural resources, whether or not market prices are available.
• The economic value of a good or service is usually measured as the amount users of the resource, or society as a whole, are willing to pay for the good, minus the cost of providing it.

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