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1.1 Economic methodology and the economic problem

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Question 64

Sofia opens 'Verdant Feast', a new farm-to-table restaurant. In setting up the business, she utilizes the following resources:

  1. A natural underground freshwater spring on the property, used to supply drinking water.
  2. A commercial combi-oven purchased for the kitchen.
  3. A culinary graduate hired as a pastry chef.
  4. Her initiative to risk her own savings to launch the business and implement a novel zero-waste business model.

Which of the following options correctly classifies each of these resources into its respective factor of production?

  1. Land; 2. Capital; 3. Labour; 4. Enterprise
  1. Capital; 2. Land; 3. Labour; 4. Enterprise
  1. Land; 2. Capital; 3. Enterprise; 4. Labour
  1. Land; 2. Capital; 3. Labour; 4. Capital

1.1 Economic methodology and the economic problem Questions

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