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1.1 Economic methodology and the economic problem

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Question 51

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?

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

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

The specialised automated harvesting drones manufactured to collect the kelp

The oceanographic expertise and daily work of the marine biologists

1.1 Economic methodology and the economic problem Questions

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