Note AcademyNote Academy

Economics · May / June 2018 · Paper 11 · Question 2

2281Factors of production

What would be classified by an economist as the factor of production known as land?

  1. Aa discovery of oil in the South China sea
  2. Ban oil rig bought by an oil company
  3. Cmoney held by the oil companies in their bank accounts
  4. Dthe productivity of oil workers

As printed in the paper

Show the answer

Correct answer: A. a discovery of oil in the South China sea

Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.