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Learning about the Economy Flashcards | StudBud
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Learning about the Economy
Learning about the Economy
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Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
Bee Keeping is an example of Industry in the Primary Sector?
True
False
2
Natural Gas Extraction is an example of Industry in the Secondary Sector?
True
False
3
Which of the following are examples of a Manufacturing Industry?
Farming
Steel Mills
Shopping Centres
Auto-plants
4
Which are examples of Mixed Economic Systems?
Hong Kong
Iceland
Former USSR
Canada
5
Which Economic Sector is focused on the harvesting and extraction of natural resources from the earth?
Secondary
Quaternary
Tertiary
Primary
6
A
[blank]
Economy the focus is on maintaining tradition, rituals and culture. Hunting & Fishing are common practices.
Traditional
Mixed
Market
Command
7
A Doctor is an example of Industry in the Quaternary Sector?
False
True
8
Which are examples of Market Economic Systems?
Taiwan
China
Belarus
USA
9
Which of the following are examples of a Service Industry?
Call Centres
Teachers
Grocery Stores
Doctors Office
10
A
[blank]
Economy the government makes all the economic decisions. They decide on the needed goods and services.
Traditional
Market
Command
Mixed
11
Which Economic Sector is focused on knowledge attainment and sharing?
Quaternary
Primary
Tertiary
Secondary
12
Which Economic Sector is focused on the manufacturing or processing of natural materials into products?
Tertiary
Quaternary
Primary
Secondary
13
Which Economic Sector is focused on the providing people with the services they need for daily life?
Tertiary
Primary
Secondary
Quaternary
14
A
[blank]
Economy is driven by the needs and wants of the consumers. Prices and Production are set by private companies.
Market
Command
Mixed
Traditional
15
Medical Research is an example of Industry in the Quaternary Sector?
True
False
16
Which of the following are examples of a Knowledge Industry?
Software Engineers
Colleges & Universities
City Hall
Hardware Stores
17
Which are examples of Command Economic Systems?
Cuba
North Korea
France
South Korea
18
A
[blank]
Economy is a combination of two economies. The government sets rules and market works on supply & demand.
Command
Traditional
Mixed
Market
19
Which of the following are examples of a Natural Resource Industry?
Lumber Mills
Clothing Makers
Logging
Mining
20
Which are examples of Traditional Economic Systems?
Sami people (Indigenous group in Scandinavia)
Inuit Communities
Iceland
India
