Countries that rely heavily on tertiary industry tend to...

score high on the HDI, have a higher quality of life

An Economic System is....

the way a country produces, distributes and consumes goods

The Economic Resources are...

technology, land, capital, labour

Some examples of Secondary Industries are... (select all that apply)

Factory, Construction, Manufacturer

The Economic Systems are....

Market, Command, Traditional, Mixed

Traditional Economy....

is when a country make and grow their own food and goods

Market Economy is when....

goods produced are based on supply and demand

"NAFTA" stands for...

North American Free Trade Agreement

Command Economy is...

when the government decides and controls the economy.

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8DB Economic Systems: Vocab Review

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Grade 8 - UNIT 2 Geography #geography #economics #grade8

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Questions 18

Answers

1
An example of a Tertiary Industry is...
The customer
A nurse
Growing corn
Manufacturing a car
2
Countries that rely heavily on tertiary industry tend to...
score low on the HDI
score high on the HDI
have a lower quality of life
have a higher quality of life
3
An Economic System is....
the way a country makes their decisions
the way a country decides on currency
the way a country produces, distributes and consumes goods
the way a country depends on their population
4
Natural Resources come from ...
small companies
environment
small offices
factories
5
No government control, consumer choice, competition based....
Mixed Economy
Market Economy
Traditional Economy
Command Economy
6
G.D.P. stands for...
Growth Domestic Products
Grot Domestic Product
Grand Domestic Products
Gross Domestic Product
7
The Economic Resources are...
land, entrepreneurial, market, mixed economy
primary, secondary, tertiary
technology, land, capital, labour
labour, capital, tertiary, land
8
Some examples of Secondary Industries are... (select all that apply)
Factory
Construction
Retail
Manufacturer
9
The Economic Systems are....
Market, Command, Mixed, Crowne
Traditional, Primary, Secondary, Market
Market, Command, Traditional, Mixed
System, Market, Buyers, Entrepreneur
10
Traditional Economy....
is when a country is depending on just one type of resource
is when a country meets their needs by buying products
is when a country depends on their taxes to produce goods
is when a country make and grow their own food and goods
11
Market Economy is when....
goods produced are based on supply and demand
the government makes full decisions on goods
is when the country grows one type of crop
is when all different types on people have decisions
12
"NAFTA" stands for...
North American Free Trade Agreement
Never Attacking Fighting Tigers Again
North Atlantic Free Trade Association
North American Frequent Tariffs Agreement
13
Command Economy is...
none of the above.
when the government decides and controls the economy.
when supply and demand commands the decisions.
when the country's economy depends on their skills.
14
Forestry is an example of ....
Command Industry
Primary Industry
Tertiary Industry
Secondary Industry
15
An example of Primary Industry is....
Farmers
Miners
Packagers
Bull Riders
16
Canada's Economy is a...
Mixed Economy
Secondary Economy
Market Economy
Corporation Economy
17
Your entire modern way of life is a result of...
Productivity
Industrialization
Globalization
Google
18
In Canada, the government owns and controls some essential services.
False
True

8DB Economic Systems: Vocab Review Flashcards | StudBud