Economic Geography Quizzes: Test Your Knowledge of Economic Activities

Question 1

Which economic sector is primarily involved in extracting resources from the Earth's environment?

Accepted Answer

Primary

Answer

Secondary

Answer

Tertiary

Answer

Quaternary

Question 2

The concept of comparative advantage suggests countries should:

Accepted Answer

Specialize in producing goods where they have the lowest relative opportunity cost

Answer

Produce all goods domestically

Answer

Import all goods from other countries

Answer

Limit trade to neighboring countries

Question 3

Which of the following is a primary characteristic of a command economy?

Accepted Answer

Government control over production and distribution

Answer

Private ownership of businesses

Answer

Free market competition

Answer

Consumer sovereignty

Question 4

The goal of incorporating sustainable practices into economic activities is to:

Accepted Answer

Minimize environmental impact

Answer

Increase profits

Answer

Reduce consumer demand

Answer

Eliminate foreign competition

Question 5

Which of the following is NOT a component of the Human Development Index (HDI)?

Accepted Answer

Political stability

Answer

Life expectancy

Answer

Education level

Answer

Income per capita

Question 6

A key principle of the theory of comparative advantage is:

Accepted Answer

Specialization

Answer

Protectionism

Answer

Monopoly

Answer

Factor endowments

Question 7

Which of the following is used to measure income inequality in a society?

Accepted Answer

Gini coefficient

Answer

Human Development Index

Answer

Gross Domestic Product per capita

Answer

Purchasing power parity

Question 8

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

Accepted Answer

Well-developed infrastructure

Answer

High unemployment rates

Answer

Low GDP per capita

Answer

Dominance of primary sector industries

Question 9

The unequal distribution of wealth and income within a society is known as:

Accepted Answer

Economic inequality

Answer

Economic growth

Answer

Economic stagnation

Answer

Economic globalization

Question 10

Which of the following is an example of a tertiary sector industry?

Accepted Answer

Education

Answer

Mining

Answer

Agriculture

Answer

Manufacturing

Question 11

The study of the spatial distribution of economic activities is known as:

Accepted Answer

Economic geography

Answer

Human geography

Answer

Physical geography

Answer

Political geography

Question 12

The process of transforming raw materials into finished goods and services is referred to as:

Accepted Answer

Production

Answer

Distribution

Answer

Consumption

Answer

Marketing

Question 13

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

Accepted Answer

Tourism

Answer

Agriculture

Answer

Manufacturing

Answer

Mining

Question 14

Specialization in economics refers to:

Accepted Answer

Focusing on a particular task or product

Answer

Diversifying economic activities

Answer

Eliminating competition

Answer

Reducing government involvement

Question 15

Which of the following is a potential benefit of international trade?

Accepted Answer

Increased consumer choice

Answer

Reduced economic growth

Answer

Higher prices

Answer

Lower competition

Question 16

A multinational corporation (MNC) is characterized by its:

Accepted Answer

Global operations in multiple countries

Answer

Ownership by a single government

Answer

Focus on domestic markets

Answer

Limited workforce

Question 17

Which farming practice helps reduce environmental harm?

Accepted Answer

Rotating crops and planting cover crops

Answer

Using more artificial fertilizers

Answer

Cutting down forests to make more farmland

Question 18

What sector of economic activity involves the extraction of raw materials?

Accepted Answer

Primary sector

Answer

Secondary sector

Answer

Tertiary sector

Answer

Quaternary sector

Question 19

What is the primary purpose of a trade union?

Accepted Answer

Protect workers' rights and promote their welfare

Answer

Maximize profits for businesses

Answer

Regulate government policies

Answer

Promote international trade

Question 20

What term refers to the exchange of goods and services between countries?

Accepted Answer

Trade

Answer

Globalization

Answer

Regionalization

Answer

Imperialism

Question 21

Which of the following ways does efficient transportation infrastructure contribute to sustainable economic growth and development?

Accepted Answer

Reduces the cost of moving goods and services

Accepted Answer

Provides access to resources and markets

Accepted Answer

Promotes specialization and division of labor

Answer

Has no significant impact on economic growth and development

Question 22

Which of these is not considered a traditional factor of production?

Accepted Answer

Technology

Answer

Land

Answer

Labor

Answer

Capital

Question 23

The utilization of available resources to create goods and services that satisfy societal needs is commonly referred to as:

Accepted Answer

Economic activity

Answer

Economic growth

Answer

Economic development

Answer

Economic diversification

Question 24

The gradual advancement of a country's economy towards higher levels of technological sophistication is known as:

Accepted Answer

Economic development

Answer

Economic growth

Answer

Economic diversification

Answer

Economic integration

Question 25

Which of the following economic activities involves the extraction of raw materials from the Earth?

Accepted Answer

Mining

Answer

Software development

Answer

Tourism

Answer

Banking

Question 26

The transfer of goods and services from producers to consumers is known as:

Accepted Answer

Distribution

Answer

Exchange

Answer

Consumption

Answer

Production

Question 27

The utilization of goods and services to satisfy human wants is known as:

Accepted Answer

Consumption

Answer

Production

Answer

Distribution

Answer

Exchange

Question 28

Which of the following activities falls under the category of a quaternary economic activity?

Accepted Answer

Education

Answer

Agriculture

Answer

Retail

Answer

Manufacturing

Question 29

The most widely used indicator for measuring the economic well-being of a country is called:

Accepted Answer

Gross Domestic Product (GDP)

Answer

Human Development Index

Answer

Balance of payments

Answer

Consumer Price Index

Question 30

The process by which a country focuses its economic efforts on a particular industry or sector is referred to as:

Accepted Answer

Economic specialization

Answer

Economic integration

Answer

Economic globalization

Answer

Economic diversification

Question 31

Which of the following is a potential benefit of economic globalization?

Accepted Answer

Increased competition and innovation

Answer

Reduced income inequality

Answer

Reduced environmental impact

Answer

Guaranteed full employment

Question 32

Which of the following sectors is considered a primary industry, typically involved in extracting raw materials?

Accepted Answer

Agriculture

Answer

Services

Answer

Finance

Answer

Manufacturing

Question 33

What is the term used to describe the process of moving goods and services from producers to consumers?

Accepted Answer

Distribution

Answer

Production

Answer

Marketing

Answer

Consumption

Question 34

Which economic system is characterized by significant government control over resource allocation and economic decision-making?

Accepted Answer

Command economy

Answer

Traditional economy

Answer

Mixed economy

Answer

Market economy

Question 35

What is the primary function of the World Trade Organization (WTO)?

Accepted Answer

To facilitate and regulate international trade among member countries

Answer

To provide humanitarian aid

Answer

To promote environmental protection

Answer

To resolve international conflicts

Question 36

Which of the following is a defining characteristic of a multinational corporation (MNC)?

Accepted Answer

Operations in multiple countries

Answer

Small size

Answer

Focus on domestic market

Answer

Local ownership

Question 37

What is the overarching principle behind the concept of sustainable development?

Accepted Answer

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

Answer

Maximizing economic growth at any cost

Question 38

Which of the following is a major obstacle to economic development in less developed countries?

Accepted Answer

Limited access to capital for investment and business growth

Answer

Availability of a skilled workforce

Answer

Stable political environment

Answer

Abundance of natural resources