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1.1 Economic methodology and the economic problem

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Question 53

A renewable energy firm operates an offshore wind farm in the North Sea. Which of the following components of this operation is classified by economists as the factor of production land?

The deep-water concrete foundations anchoring the turbines to the seabed

The offshore wind currents used to rotate the turbine blades

The technical expertise of the marine engineers maintaining the turbines

The feed-in tariffs and green subsidies paid to the operators

1.1 Economic methodology and the economic problem Questions

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