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REVIEW ECONOMY Flashcards | StudBud
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REVIEW ECONOMY
REVIEW ECONOMY
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Questions
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Answers
1
A cook is a part of the
Primary sector
Tertiary sector
Secondary sector
Quaternary sector
2
Gross Domestic Product (GDP) is the total money value of all the goods and services produced by a family.
True
False
3
Which of these is not intermediate product?
Aluminium
Strawberry
Wool
Plastic
4
Globalisation is the integration of national markets on a global scale.
True
False
5
Workers that perform the intellectual and physical activities necessary to produce goods and services.
Financial capital
Technological capital
Raw materials
Human resources
6
Commercialisation is when goods and services are bought to satisfy a need.
True
False
7
Products that are used to produce other products.
Raw materials
Consumer goods
Natural resources
Intermediate goods
8
The main function of this economic agent is to buy goods and services.
Businesses
People
Public sector (State)
9
Globalisation increases unemployment in developing countries.
True
False
10
The head offices of multinational companies are located in developing countries
False
True
11
Activities that are a result of the growth of the service sector such as finance or telecommunications.
Tertiary sector
Secondary sector
Primary sector
Quaternary sector
12
Cuba is an example of a planned economy.
True
False
13
Agriculture was a part of the secondary sector.
True
False
14
All activities which don’t produce a physical product.
Tertiary sector
Primary sector
Quaternary sector
Secondary sector
15
In less developed countries the most important economic sector is the primary sector
False
True
16
Which of these groups is a part of the active population
Students
Retired people
Unemployed people
17
Which of these is
not
a characteristic of a planned economy?
The economy is planned by the State.
There is only one type of product
Private ownership of the means of production.
18
Rural land is used for
agriculture, livestock farming, forestry and hunting
only to growth crops
agriculture, livestock , forestry and rural habitat
19
The main function of this economic agent is to produce and sell goods and services.
Businesses
People
Public sector (State)
20
Which of these elements are not typical of a trade block?
Elimination of duties on goods imported and exported within the bloc.
A common currency.
Elimination of duties on goods imported and exported outside the bloc.
21
The main objective of a free market economy is to obtain a profit.
False
True
22
Which of these is not a characteristic of a free market economy?
Its objective is to achieve collective benefit.
Freedom to work and hire.
Law of supply and demand
Private ownership of means of production.
23
The active population is the total number of employed people.
True
False
24
A miner is a part of the...
Primary sector
Tertiary sector
Quaternary sector
Secondary sector
25
The main function of this economic agent is to finance services and build necessary infrastructure.
People
Public sector (State)
Businesses
26
Offshoring is when companies leave developing countries and relocate part of their operations to developed countries.
True
False
27
In the most developed countries the most important sector is the secondary sector.
True
False
28
A taxi driver is a part of the...
tertiary sector
primary sector
quaternary sector
secondary sector
29
What is the GDP per capita?
All the goods and services produced in a country over a period of time.
The result of divide the GDP of a country by its population.
All the goods and services produced by the capital of a country.
30
A web designer is a part of the...
Primary sector
Tertiary sector
Secondary sector
Quaternary sector
31
Which of these is a consumer product?
Wool
Wood
Apple
Aluminium
32
Economic sustainability means that economic growth is more important than human rights.
True
False
33
A drug dealer is a part of the
tertiary sector
primary sector
secondary sector
34
A farmer that grows poppy (opium) is a part of the
quaternary sector
tertiary sector
primary sector
secondary sector
35
Which of these is
not
a positive effect of globalisation?
lower prices
increase in consumption
lower production cost
increase of employment in developed countries
36
A journalist is a part of the
Quaternary sector
Tertiary sector
Secondary sector
Primary sector
37
Resources taken from nature which are used or transformed to satisfy our needs.
Technological capital
Raw materials
Human resources
Financial capital
38
Europe is an example of planned economy
True
False
39
All the activities related to natural resources: agriculture, fishing, forestry and mining.
Quaternary Sector
Primary sector
Tertiary sector
Secondary sector
40
A place where shares in businesses are bought and sold
International Market
Shares Market
Stock Market
Supermarket
41
What is a trade block?
An association of companies to sell their products in other countries.
Agreements between countries to reduce or eliminate barriers to trade.
Agreements between countries to reduce trade.
42
The combination of knowledge and techniques used in economic activities.
Raw materials
Human resources
Financial capital
Technological capital
43
Which of these is an example of an economic block?
European Council
European Union
OTAN
44
The money used to pay for raw materials, human resources, and technological capital.
Financial capital
Raw materials
Technological capital
Human resources
45
Mixed economy is a variant of the planned economy.
False
True
46
Services are activities carried out by businesses.
False
True
47
Businesses only produce and sell goods.
False
True
48
Industries which transform raw materials into intermediate or consumer products. Includes energy and construction.
Quaternary sector
Tertiary sector
Secondary sector
Primary sector
49
Globalisation means that more workers are needed.
False
True
