Economic Activities: Types, Factors, and Environmental Impacts

Question 1

Which of the following is an activity in the primary sector of the economy?

Accepted Answer

Agriculture

Answer

Retail

Answer

Manufacturing

Answer

Education

Question 2

Which of the following is an example of a negative externality associated with economic activity?

Accepted Answer

Water pollution

Answer

Creation of jobs

Answer

Increased tax revenue

Answer

Improved infrastructure

Question 3

What is the primary goal of sustainable economic development?

Accepted Answer

To balance economic growth with environmental protection and social equity

Answer

To maximize short-term economic growth

Answer

To reduce government regulation

Answer

To increase consumer spending

Question 4

Which of the following is a characteristic of a post-industrial economy?

Accepted Answer

Dominance of the tertiary and quaternary sectors

Answer

High dependence on manufacturing

Answer

Low levels of technology adoption

Answer

Limited international trade

Question 5

What was a major factor contributing to the decline of the textile industry in the UK?

Accepted Answer

Competition from countries with lower labour costs

Answer

Technological advancements in other industries

Answer

Changes in consumer preferences

Answer

Government policies favouring other sectors

Question 6

Which type of economic activity is characterized by the provision of services?

Accepted Answer

Tertiary

Answer

Primary

Answer

Secondary

Answer

Quaternary

Question 7

Which of the following industries is an example of a quaternary industry?

Accepted Answer

Education

Answer

Agriculture

Answer

Manufacturing

Answer

Tourism

Question 8

Which of the following is an example of a negative externality associated with economic activity?

Accepted Answer

Air pollution

Answer

Job creation

Answer

Increased tax revenue

Answer

Improved infrastructure

Question 9

Sustainable economic development aims to:

Accepted Answer

Balance economic growth with environmental protection

Answer

Maximize economic growth at the expense of the environment

Answer

Prioritize social welfare over economic progress

Answer

Reduce economic inequality at all costs

Question 10

The process of a country's economy transitioning from being primarily agricultural to primarily industrial is known as:

Accepted Answer

Industrialization

Answer

Urbanization

Answer

De-industrialization

Answer

Tertiaryization

Question 11

The Human Development Index (HDI) is a measure of:

Accepted Answer

Both economic development and social progress

Answer

Economic development only

Answer

Social progress only

Answer

Environmental performance

Question 12

What term encompasses the interconnectedness of global economic systems?

Accepted Answer

Globalization

Answer

Internationalization

Answer

Neoliberalism

Answer

Market expansion

Question 13

Which characteristic is associated with a developed economy?

Accepted Answer

High income per person

Answer

Low technology usage

Answer

Dominant primary sector

Answer

Subsistence agriculture

Question 14

What is the primary goal of sustainable economic development?

Accepted Answer

Protecting the environment for future generations

Answer

Maximizing economic growth

Answer

Reducing poverty and inequality

Answer

Promoting technological advancements

Question 15

Primary economic activities involve:

Accepted Answer

Extracting and harvesting resources from the natural environment

Answer

Processing raw materials into finished products

Answer

Providing services such as healthcare and education

Answer

Storing and transporting goods

Question 16

Which term describes the process of converting raw materials into usable products or goods?

Accepted Answer

Manufacturing

Answer

Extraction

Answer

Distribution

Answer

Consumption

Question 17

What is the term used to describe the spatial distribution of various economic activities?

Accepted Answer

Economic geography

Answer

Human geography

Answer

Urban planning

Answer

Regional economics

Question 18

Which challenge is commonly faced by developing countries in promoting economic growth?

Accepted Answer

Lack of infrastructure such as roads, railways, and energy sources

Answer

Political stability and favorable investment climate

Answer

Skilled workforce and access to education

Answer

Abundant natural resources and raw materials

Question 19

Which term refers to the movement of goods and services from producers to consumers?

Accepted Answer

Distribution

Answer

Transport

Answer

Logistics

Answer

Supply chain management

Question 20

Which concept emphasizes balancing economic growth with environmental protection and social equity?

Accepted Answer

Sustainable development

Answer

Green economy

Answer

Ecological modernization

Answer

Circular economy

Question 21

Tertiary economic activities generally include:

Accepted Answer

Tourism, healthcare, and education

Answer

Farming, mining, and fishing

Answer

Manufacturing, construction, and utilities

Answer

Banking, insurance, and real estate

Question 22

The transformation of raw materials into finished goods is called:

Accepted Answer

Manufacturing

Answer

Extraction

Answer

Distribution

Answer

Consumption

Question 23

Which of the following is a defining characteristic of a primary economic sector?

Accepted Answer

Directly extracts raw materials from the environment

Answer

Produces finished goods from raw materials

Answer

Provides services to consumers

Answer

Involves advanced technology and automation

Question 24

The movement of goods from producers to consumers is known as:

Accepted Answer

Distribution

Answer

Consumption

Answer

Production

Answer

Extraction

Question 25

Which of the following is a potential negative environmental impact of economic activity?

Accepted Answer

Air and water pollution

Answer

Job creation

Answer

Reduced living standards

Answer

Improved transportation

Question 26

Sustainable development involves:

Accepted Answer

Meeting current needs without compromising future generations

Answer

Exploiting resources as quickly as possible

Answer

Prioritizing economic growth over environmental protection

Answer

Eliminating economic activity to protect the environment

Question 27

Which of the following is an example of a quaternary industry?

Accepted Answer

Education

Answer

Mining

Answer

Agriculture

Answer

Manufacturing

Question 28

The practice of transferring production to other countries is called:

Accepted Answer

Offshoring

Answer

Globalization

Answer

Importing

Answer

Exporting

Question 29

Which of the following is classified as a primary sector industry?

Accepted Answer

Agriculture

Answer

Manufacturing

Answer

Retail

Answer

Tourism

Question 30

What is the central principle of sustainable development?

Accepted Answer

Meeting the needs of the present without compromising the needs of future generations

Answer

Prioritizing economic growth above all else

Answer

Protecting the environment at any cost

Answer

Promoting social equality

Question 31

What is the primary role of the World Bank?

Accepted Answer

Providing financial assistance to developing countries

Answer

Regulating international trade

Answer

Resolving international conflicts

Answer

Monitoring global economic stability

Question 32

Which of the following is NOT a primary sector industry involved in extracting resources from the natural environment?

Accepted Answer

Manufacturing

Answer

Agriculture

Answer

Mining

Answer

Fishing

Question 33

The concept of economic sustainability emphasizes:

Accepted Answer

Meeting the economic needs of the present without compromising the ability of future generations to meet their own needs

Answer

Maximizing economic growth regardless of environmental consequences

Answer

Exploiting natural resources at the fastest possible rate

Answer

Protecting the environment at any cost, even if it hinders economic development

Question 34

The Gross Domestic Product (GDP) is a measure of:

Accepted Answer

The total monetary value of all goods and services produced in a country within a specific period, usually a year

Answer

The total income earned by individuals in a country within a specific period, usually a year

Answer

The total amount of money spent by consumers in a country within a specific period, usually a year

Answer

The total wealth of a country at a specific point in time

Question 35

Which of the following is a sustainable resource management practice?

Accepted Answer

Using renewable resources at a rate that does not exceed their natural replenishment

Answer

Exploiting non-renewable resources as quickly as possible to maximize profits

Answer

Ignoring the potential environmental consequences of resource extraction and use

Answer

Importing resources from other countries without considering their environmental practices

Question 36

Which industry sector focuses primarily on offering intangible services rather than physical goods?

Accepted Answer

Services

Answer

Manufacturing

Answer

Agriculture

Answer

Construction

Question 37

Which of the following economic activities involves the generation and transfer of information and knowledge?

Accepted Answer

Education

Answer

Agriculture

Answer

Manufacturing

Answer

Mining

Question 38

Which economic activity is classified as secondary?

Accepted Answer

Manufacturing

Answer

Farming

Answer

Mining

Answer

Tourism

Question 39

Which of the following is an environmental impact associated with economic activity?

Accepted Answer

Air pollution

Answer

Economic growth

Answer

Employment opportunities

Answer

Improved infrastructure

Question 40

Which indicator is commonly used to measure economic development?

Accepted Answer

National GDP per capita

Answer

Literacy rates

Answer

Unemployment levels

Answer

Size of the labor force

Question 41

Which feature characterizes a post-industrial society?

Accepted Answer

Dominance of the knowledge sector

Answer

Emphasis on agriculture

Answer

High levels of industrialization

Answer

Dependence on natural resources

Question 42

Which of the following is NOT a factor that influences the location of economic activities?

Accepted Answer

Climate

Answer

Labor costs

Answer

Government policies

Answer

Availability of natural resources

Question 43

Which type of economic activity is most likely to be found in a rural area?

Accepted Answer

Agriculture

Answer

Finance

Answer

Manufacturing

Answer

Tourism

Question 44

What is the term used to describe the concentration of economic activity in a particular area?

Accepted Answer

Economic agglomeration

Answer

Economic specialization

Answer

Economic diversification

Answer

Economic development

Question 45

Which of the following is a negative impact of economic activity on the environment?

Accepted Answer

Air pollution

Answer

Increased tax revenues

Answer

Higher living standards

Answer

Improved infrastructure

Question 46

What is the term used to describe the process of integrating different national economies into a single global economy?

Accepted Answer

Globalization

Answer

Nationalization

Answer

Localization

Answer

Regionalization

Question 47

Which of the following is a characteristic of a developed economy?

Accepted Answer

High GDP per capita

Answer

Subsistence agriculture

Answer

High unemployment rates

Answer

Low levels of education

Question 48

What is the term used to describe the movement of people from rural areas to urban areas?

Accepted Answer

Urbanization

Answer

Immigration

Answer

Emigration

Answer

Migration

Question 49

Which of the following is a challenge associated with economic development?

Accepted Answer

Environmental degradation

Answer

Improved education

Answer

Reduced poverty

Answer

Increased economic growth