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1.1 Economic methodology and the economic problem

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Question 88

An entrepreneur, Clara, establishes an automated vertical hydroponic farm inside an urban warehouse. Which one of the following elements of Clara's business is correctly classified as the economic resource of capital?

A

The leased physical ground on which the urban warehouse is located

B

The software engineer's specialized programming hours

C

The advanced LED grow-light rigs used to cultivate crops

D

The financial profit generated by Clara at the end of the fiscal year

Markscheme

1.1 Economic methodology and the economic problem Questions

  1. A Level
  2. /Economics
  3. /1.1 Economic methodology and the economic problem

123 exam-style questions on AQA A Level Economics 1.1 Economic methodology and the economic problem, covering 1.1.1 Economic methodology, 1.1.2 The nature and purpose of economic activity, 1.1.3 Economic resources, 1.1.4 Scarcity, choice and the allocation of resources, and 1.1.5 Production possibility diagrams. Each one has a worked solution and a mark scheme showing where the marks go.

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