applied eco. quiz no. 1

In 1970s, ____ of the country's Gross Domestic Product (GDP) has been contributed by agriculture.

• 28%

• 29%

• 38%

• 39%

_____ broadly refers to any form of economic activity that has the purpose of making money.

• Economics

• Industry

• Applied Economics

• Materials

It involves handling and processing of information and knowledge.

• Primary Industries

• Secondary Industries

• Tertiary Industries

• Quaternary Industries

Involves the catching of sea produce from oceans, rivers, seas and lakes for sale.

• Economics

• Industry

• Fishing Industry

• Animal Industry

Involves the felling of trees in forests for resources, especially timber.

Involves the extraction of fossil fuels, such as petroleum and natural gas.

Labour refers to people in an industry, while _____ refers to money used to set up and maintain a business.

is often synonymous with the rapid growth of the secondary industries or manufacturing industries.

Is a good or service brought into one country from another.

• Export

• Import

• Service

• Trade

Use bulky machinery and large quantities of raw materials to produce large and heavy goods.

• Secondary Industries

• Industries

• Light Industries

• Heavy Industries