O-LevelEconomicsThe basic economic problem2281/11 · May/June 2018 · Q21 Mark
What would be classified by an economist as the factor of production known as land?
Adiscovery of oil in the South China sea
Ban oil rig bought by an oil company
Cmoney held by the oil companies in their bank accounts
Dthe productivity of oil workers
✓ Correct answer
A: discovery of oil in the South China sea
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