Q.
1

(i) Productive efficiency differed among different countries because of diversity in natural and acquired resources possessed by them.

(ii) The difference in natural advantage manifests in varying climate, quality of land availability of minerals, water and other resources.

(iii) The difference in acquired resources manifests in different levels of technology and skills available.

Identify the correct code from the following:

  • A

    Statement (i) is correct, but (ii) and (iii) are incorrect

  • B

    Statement (i) and (ii) are correct, but (iii) is incorrect

  • C

    All the statements (i), (ii) and (iii) are correct

  • D

    None of the statements are correct.