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- 1. Multiple ChoiceThe primary stage of production is concerned withgrowing crops and extracting the earth's natural resourcesproviding services to consumers and industryconverting raw materials into finished goodstransporting goods to the final consumer
- 2. Multiple ChoiceThe tertiary sector of industry is the most important sector in high income countries becauseagricultural output is more important than servicesthey use most of their income to buy manufactured goodsworkers are employed in manufacturing in these countriesconsumers' incomes are high so they spend more on services
- 3. Multiple ChoiceWhich following businesses would you classify as being in the secondary sector of industry?An oil exploration companyA family run farm businessA taxi operating businessA shoe manufacturer
- 4. Multiple ChoiceWhich of the following is the best definition of privatisation?When private limited companies convert into public companiesWhen a partnership converts into a private limited companyWhen a state owned industry is sold to the private sectorWhen a private sector firm is purchased by the government
- 5. Multiple ChoiceIn a mixed economy which of these industries is most likely to be controlled by the government?Hotels and restaurantsHealth and public transportBuilding and taxi servicesFood shops and farming
- 6. Multiple ChoiceWhich one of the following is a disadvantage of privatisation?Jobs might be lost as private owners try to cut costsThe government raises money which could help to reduce taxesLess competition than when the industry was a monopolyPoliticians will now influence business decisions
- 7. Multiple ChoiceChanges in importance of different sectors of industry in a country is likely to be caused bythe exhaustion of the country's copper minesan increase in the country's populationa long period of no increases in family incomesgovernment grants available to businesses in all sectors
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