Basic Economic Activities Quiz

What is the most basic economic activity?

• Human

• Seller

• Buyer

• Government

What is the purpose of production activity?

• Producer's life

• Social life

• Investor's life

• Consumer's life

What is the activity of dividing production factors among different production sectors and units to create products called?

• Exchange activity

• Consumption activity

• Production activity

• Distribution activity

What is the activity of delivering products to consumers called?

• Exchange activity

• Consumption activity

• Production activity

• Distribution activity

What economic activity involves using goods, services to satisfy production and living needs?

• Exchange activity

• Consumption activity

• Production activity

• Distribution activity

In our country's economy, which activity plays a decisive role in determining other activities?

• Distribution activity

• Exchange activity

• Production activity

• Consumption activity

What economic activity did the manufacturer perform by dividing factors such as dough, crust, and box for different production units while making buns?

• Distribution activity

• Exchange activity

• Production activity

• Consumption activity

What economic activity did Company X perform by narrowing down the production of men's and women's dress shirts to fulfill orders?

• Distribution activity

• Exchange activity

• Production activity

• Consumption activity

What economic activity did company X excel in to maintain production during the pandemic?

• Distribution activity

• Exchange activity

• Production activity

• Consumption activity

What are those who produce and supply goods and services to the market called?

• Producers

• Consumers

• Intermediaries

• Government