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1.1 Economic methodology and the economic problem

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Question 29

An innovative offshore aquaculture and biotechnology company, OceanVibe, uses various inputs in its operations. Which of the following inputs is correctly classified as the economic resource land?

A

The £500,000\pounds 500,000£500,000 cash reserve held in the company's treasury account for future expansion

B

The wild kelp beds harvested under license from the seabed to extract bio-polymers

C

The specialised automated harvesting drones manufactured to collect the kelp

D

The oceanographic expertise and daily work of the marine biologists

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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