Economic systems and activities

What economic sector generates research and new knowledge?

• Primary

• Quaternary

• Secondary

• Tertiary

Which economic sector collects natural resources from the environment?

• Primary

• Secondary

• Tertiary

• Quaternary

The part of the economy that transforms the raw materials into goods for sale: factory workers or people who make things out of raw materials (a weaver would make clothing out of cotton)

• Primary economic activity

• Secondary economic activity

• Tertiary economic activity

• Quaternary economic activity

Urban means...

• To move

• In the city

• Out in the country

• Grow

A farm is...

• Urban

• Rural

• Suburban

• Subrural

When you extract raw material from the earth: mining, logging, farming, hunting and gathering, fishing.

• Primary economic activity

• Secondary economic activity

• Tertiary economic activity

• Quaternary economic activity

Which of the following countries has a command economy?

• The United States

• North Korea

• England

• Germany

Which economic theory allows businesses to compete for customers?

• traditional economy

• socialism

• capitalism

Market Economic systems are regulated by --

• supply and demand

• checks & balances

• Sonny & Cher

People following traditions and culture rather than government policies is an example of --

• command economy

• mixed economy

• traditional economy