The cost of a natural resource includes all of the following costs EXCEPTSelect answer from the options belowexploration. acquisition. development. extraction.

To answer the question regarding the cost of a natural resource, we need to consider what typically comprises these costs.

1. Exploration: This refers to the costs associated with searching for natural resources and assessing their viability. It is a fundamental cost in the initial stages of resource management.

2. Acquisition: This cost involves obtaining the rights or permits to access and exploit the natural resources. It is also very relevant to resource costs.

3. Development: This includes costs related to the preparation of the resource site for extraction, including infrastructure improvements and other preparatory activities. It is an essential part of the cost structure.

4. Extraction: This is the actual cost of removing the natural resource from its location. It represents the operational phase of resource utilization.

Based on these definitions, the correct answer is:

Final Answer: None of the above options can be excluded, as all listed costs are essential components of the total cost associated with a natural resource.