What is an example of a tertiary activity?

A store clerk sells fruits and vegetables to customers buying groceries.

What is a primary activity?

Economic activities that use the Earth’s natural resources

The infant mortality rate is defined by...

number of infant deaths per 1,000 live births

What is an example of a secondary activity?

A factory worker purifies crude oil to produce gasoline.

What is an example of a primary activity?

A farmer harvests corn from a field in Nebraska.

Which statement is true?

In a true free market economy, businesses are privately owned

On the economic spectrum, the United States would be considered.....

Mixed, tilted toward Free Market

What is an exmaple of a quaternary activity?

A pharmacist researches new ways to prevent the spread of cancer.

Which of the following would NOT describe a Communist country?

A vast array of choices of products

What is a secondary activity?

Economic activities that change resources into usable consumer products.

What is a quaternary activity?

People are involved in information research, management and administration

The Human Development Index measures.....

The standard of living each country provides for its people

Environmental Protection Agency

What is a tertiary activity?

provide services to industries, communities and individual consumers

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Economics Review

35 termsStudBud Administration151 plays

Questions on HDI, economic indicators, and economic activities. A mix of True/False and Multiple Choice questions.

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Questions 35

Answers

1
Country C received a HDI score of .950. Where on the economic spectrum is this country?
Newly Industrialized
More Developed
Less Developed
Socialist
2
The following could be present in a Socialist economy, but NOT a Capitalist country
Ownership of private business
A national health care service
No government regulation on economic activity
No private posessions
3
Who controls production in a free enterprise/capitalist system?
A combination of private business and government
The government
Consumer Demand
Private Businesses
4
True or False: Socialism and Communism are the same thing.
True
False
5
On the economic spectrum, a country's production is controlled by the government and private business would be...
Free Market/Capitalist
Capitalist/Communist
Command/Communist
Mixed/Socialist
6
What is an example of a tertiary activity?
A store clerk sells fruits and vegetables to customers buying groceries.
A pharmacist researches new ways to prevent the spread of cancer.
A factory worker purifies crude oil to produce gasoline.
A farmer harvests corn from a field in Nebraska.
7
The level of goods, services, and material comforts of people in country is the...
Human Development Index
GDP
Life Expectancy
Standard of Living
8
What is a primary activity?
Economic activities that use the Earth’s natural resources
Economic activities that change resources into usable consumer products.
provide services to industries, communities and individual consumers
People are involved in information research, management and administration
9
On the economic spectrum, a country whose production and ownership is totally controlled by the government is called...
Socialist Economy
Command Economy
Free Market Economy
Mixed Economy
10
The Human Development Index uses all these statistics EXCEPT.....
Life Expectancy
GDP Per Capita
Literacy Rate
Homeless Rate
11
True or False: A true free market economy DOES NOT exist.....
True
False
12
A large business like Amazon would excel in which type of economy?
Socialism/Mixed
Free Market/Capitalism
Command/Communism
Traditional
13
The infant mortality rate is defined by...
number of infant deaths per 1,000 live births
birth rate + death rate
the numer of babies born per female
number of infant deaths per 100,000 live births
14
True or False: Private businesses are common in a command economy?
True
False
15
What is an example of a secondary activity?
A store clerk sells fruits and vegetables to customers buying groceries.
A farmer harvests corn from a field in Nebraska.
A factory worker purifies crude oil to produce gasoline.
A pharmacist researches new ways to prevent the spread of cancer.
16
The amount of people that can read and write per 1000 people is called....
Illiteracy Rate
Average Reading Level (ARL)
Intelligence Quotient (IQ)
Literacy Rate
17
What is an example of a primary activity?
A farmer harvests corn from a field in Nebraska.
A pharmacist researches new ways to prevent the spread of cancer.
A store clerk sells fruits and vegetables to customers buying groceries.
A factory worker purifies crude oil to produce gasoline.
18
Which statement is true?
A command economy, the government shares production with private businesses
In a socialist economy, the government will not intervene in any way.
In a true free market economy, businesses are privately owned
In a traditional economy, currency is used to purchase goods and services
19
On the economic spectrum, the United States would be considered.....
Mixed, tilted toward Communism
Mixed, tilted toward Free Market
Fully Command
Fully Free Market
20
On the economic spectrum, the complete opposite of a Free Market, or Capitalist country is......
Socialism (Mixed)
Daoism
Cooperative
Command (Communist)
21
What is an exmaple of a quaternary activity?
A farmer harvests corn from a field in Nebraska.
A factory worker purifies crude oil to produce gasoline.
A pharmacist researches new ways to prevent the spread of cancer.
A store clerk sells fruits and vegetables to customers buying groceries.
22
Which of the following would NOT describe a Communist country?
A vast array of choices of products
Government regulates all prices for goods and services
Very few choices of products
All production of goods comes from the government
23
An economy whose government has zero control over production is called.....
Free Market Economy
Command Economy
Socialist Economy
Communist Economy
24
The average number of years people in a country are expected to live is called....
Death Rate
Birth Rate
Average Life Index
Life Expectancy
25
HDI stands for...
Human Development Index
Human Dependency Index
Health Dividend Interactive
Human Division Index
26
What is a secondary activity?
provide services to industries, communities and individual consumers
Economic activities that use the Earth’s natural resources
People are involved in information research, management and administration
Economic activities that change resources into usable consumer products.
27
The amount of product (money) EACH person could be expected to make on average in a year is expressed as.......
GDP Per Capita
GDP
GNP
RNP
28
What is a quaternary activity?
People are involved in information research, management and administration
Economic activities that change resources into usable consumer products.
provide services to industries, communities and individual consumers
Economic activities that use the Earth’s natural resources
29
Country A received a HDI score of .350. Where on the economic spectrum is this country?
Less developed
Communist
More Developed
Newly Industrialized
30
Who controls the factors of production in a free enterprise/capitalist system?
The government
A combination of private business and government
Consumers
Private Businesses
31
The Human Development Index measures.....
The population growth of each country
The amount of private businesses each country allows
The amount of money each country makes in a calendar year
The standard of living each country provides for its people
32
EPA stands for.....
Every Person Ages
Early Protection Agency
Environmental Protocal Agenda
Environmental Protection Agency
33
Country B received a HDI score of .750. Where on the economic spectrum is this country?
Less Developed
Communist
More developed
Newly Industrialized
34
A ranking system that assigns a number to a country in the world that expresses it's standard of living for its people.
HBI
DBI
HDI
EPA
35
What is a tertiary activity?
Economic activities that use the Earth’s natural resources
Economic activities that change resources into usable consumer products.
provide services to industries, communities and individual consumers
People are involved in information research, management and administration

Economics Review Flashcards | StudBud