Which of the following is an example of an economic characteristic of land?

• A. Land is immobile
• B. Land can be produced by human effort
• C. Land is a manufactured resource
• D. Land is always renewable

Answer: (A)

Verified step by step guidance

1. Understand that in microeconomics, land is considered a factor of production with specific economic characteristics that distinguish it from other resources.
2. Recall the key economic characteristics of land: it is immobile, it is limited in supply, it is not produced by human effort, and it is heterogeneous in quality.
3. Evaluate each option against these characteristics: 'Land is immobile' aligns with the economic characteristic that land cannot be moved from one location to another.
4. Recognize that 'Land can be produced by human effort' is incorrect because land is a natural resource and not produced by humans.
5. Note that 'Land is a manufactured resource' and 'Land is always renewable' are also incorrect because land is natural and not manufactured, and not all land is renewable.