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- 1. Multiple Choice
which sector of the economy removes or harvest products directly from the earth in order to extract raw materials or food?
secondary
primary
tertiary
linear
- 2. Multiple Choice
3 types of tertiary jobs
banker,teachers,doctor
doctor,teacher,steel making
fishing,hunting,astronaut
- 3. Multiple Choice
agriculture would be an example of
secondary sector
tertiary sector
primary sector
- 4. Multiple Choice
agriculture would be an example of
secondary sector
tertiary sector
primary sector
- 5. Multiple Choice
Which has the highest employment %
secondary sector
primary sector
tertiary sector
- 6. Multiple Choice
What are the 4 factors of production?
land,milk,ocean,forest
Forest,Ocean,Land,Capital
Capital,Enterprise,Land,Labor
- 7. Multiple Choice
Insurance is an example of
primary sector
agriculture
tertiary sector
quaternary sector
- 8. Multiple Choice
What is a capital?
the city
All man made things that help produce goods
The human element in the production process.
- 9. Multiple Choice
How many economic sectors are there?
1
2
3
4
- 10. Multiple Choice
This image represents which economic sector?
Tertiary Sector
Secondary Sector
Primary Sector
Quaternary Sector
- 11. Multiple ChoicePrimary SectorTertiary SectorSecondary SectorQuaternary Sector
- 12. Multiple Choice
This image represents which economic sector?
Primary Sector
Quinary Sector
Secondary Sector
Tertiary Sector
- 13. Multiple ChoiceThis is NOT part of the primary sector of the economyMiningForestryRetailFishing
- 14. Multiple ChoiceThis is NOT part of the tertiary sectorTransportConstructionTradeEducation
- 15. Multiple ChoiceMilling lumber into plywood is an example of what economic activity?PrimarySecondaryTertiaryQuaternary
- 16. Multiple Choice
Having a limited amount of something is
demand
scarcity
supply
- 17. Multiple Choice
Economics focuses on ___.
The goods and services we buy and sell
The goods and services we supply and command
The products and places we want and buy
- 18. Multiple Choice
The BIGGEST problem nowadays for some countries is _______
Overpopulation
Economic Freedom
Political Corruption
The Judiciary System
- 19. Multiple Choice
SOMEONE that buys or uses goods & services is called a____.
consumer
producer
want
need
- 20. Multiple Choice
Inflation is best defined as?
A model of an economy that shows the movement of resources and money between groups and sectors in the economy
A consistent increase in prices of goods and services in the economy
The hidden cost of making a decision
Goods and services produced within our economy for sale in other countries
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