Economic Activities: Learn the Sectors of the Economy

Question 1

How do government policies affect the distribution and development of economic activities?

Accepted Answer

Offer subsidies and tax breaks to specific industries

Accepted Answer

Enforce zoning laws and environmental regulations

Accepted Answer

Build infrastructure and offer public services

Answer

Ignore the private sector and let market forces control economic activity

Question 2

When selecting a location for a tertiary industry, which factor is **NOT** taken into account?

Accepted Answer

Availability of raw materials

Answer

Transport links

Answer

Availability of a skilled workforce

Answer

Government incentives

Question 3

Which of the following is NOT a characteristic of the primary sector?

Accepted Answer

Provision of services

Answer

Low level of technology

Answer

Relies on natural resources

Answer

Extraction of raw materials

Question 4

The quaternary sector of the economy primarily involves:

Accepted Answer

Information and knowledge-based activities

Answer

Extraction of raw materials

Answer

Provision of essential services (e.g., healthcare, education)

Answer

Production of manufactured goods

Question 5

The clustering of high-tech industries in areas like Silicon Valley is an example of:

Accepted Answer

Spatial clustering

Answer

Industrial symbiosis

Answer

Urban sprawl

Answer

Economic specialization

Question 6

The concept of comparative advantage suggests that countries should:

Accepted Answer

Specialize in producing goods and services they can produce relatively more efficiently and trade with other countries.

Answer

Produce all goods and services domestically.

Answer

Import all goods and services from other countries.

Question 7

Identify the type of economic activity that involves the extraction and harvesting of raw materials from the environment, such as farming, mining, fishing, and logging.

Accepted Answer

Primary

Answer

Quaternary

Answer

Tertiary

Answer

Secondary

Question 8

Which sector of the economy focuses on providing services to individuals and businesses, such as healthcare, education, retail, and tourism?

Accepted Answer

Tertiary

Answer

Secondary

Answer

Primary

Answer

Quaternary

Question 9

Developing countries often face challenges in their economic development. Which of the following is a potential obstacle?

Accepted Answer

Limited infrastructure (e.g., transportation, energy, communication)

Answer

Abundant natural resources

Answer

Political stability and good governance

Answer

High levels of education within the population

Question 10

Which measure is used to assess the extent of income inequality within a country or region?

Accepted Answer

Gini coefficient

Answer

Human Development Index (HDI)

Answer

Consumer price index (CPI)

Answer

Gross domestic product (GDP) per capita

Question 11

The quaternary sector of the economy has some unique characteristics. Which of the following best describes this sector?

Accepted Answer

Focuses on knowledge and information creation, research and development, and innovation

Answer

Primarily provides services to individuals and businesses

Answer

Involves the extraction of raw materials from the environment

Answer

Emphasizes the production and assembly of physical goods

Question 12

Economic activities often exhibit certain patterns in their geographic distribution. Which of the following is a common spatial pattern observed?

Accepted Answer

Concentration of economic activities in densely populated urban areas and transportation hubs

Answer

Location of economic activities solely in areas with abundant natural resources

Answer

Uniform distribution of economic activities across all regions

Answer

Absence of economic activities in rural and underdeveloped areas

Question 13

Which of the following is NOT a characteristic of the primary sector of the economy?

Accepted Answer

Extracting services

Answer

Employing a large workforce

Answer

Often located in rural areas

Answer

Extracting raw materials

Question 14

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

Accepted Answer

Economic vulnerability

Answer

Improved diplomatic relations

Answer

Cultural exchange

Answer

Increased trade

Question 15

Which of the following is an example of a sustainable economic activity?

Accepted Answer

Ecotourism

Answer

Mining

Answer

Deforestation

Answer

Factory farming

Question 16

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

Accepted Answer

High levels of tertiary sector employment

Answer

Low life expectancy

Answer

High birth rates

Answer

Low levels of education

Question 17

Which of the following is NOT a primary economic activity?

Accepted Answer

Software development

Answer

Mining

Answer

Fishing

Answer

Farming

Question 18

The growth of the quaternary sector is often linked to which of the following?

Accepted Answer

Technological advancements

Answer

Growth of the tourism industry

Answer

Demand for manufactured goods

Answer

Increased agricultural production

Question 19

A country with a high proportion of its workforce in the primary sector is likely to be classified as:

Accepted Answer

Developing

Answer

Post-industrial

Answer

Highly developed

Answer

Service-based

Question 20

A major factor contributing to the decline of manufacturing in the UK is:

Accepted Answer

Globalization and outsourcing

Answer

Increased agricultural production

Answer

Lack of skilled labor

Answer

Growth of the tourism industry

Question 21

Which of these activities is NOT considered part of the tertiary sector?

Accepted Answer

Coal mining

Answer

Tourism

Answer

Banking

Answer

Retailing

Question 22

What does the term 'deindustrialization' refer to?

Accepted Answer

The decline of manufacturing in an economy

Answer

The increase in global trade

Answer

The development of new technologies

Answer

The growth of the service sector

Question 23

A country with a high proportion of its workforce in the quaternary sector is likely to have:

Accepted Answer

High levels of education and innovation

Answer

A high dependence on tourism

Answer

A large manufacturing industry

Answer

A strong agricultural base