Understanding Economic Activities

Understanding Economic Activities

1st - 5th Grade

20 Qs

quiz-placeholder

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Understanding Economic Activities

Understanding Economic Activities

Assessment

Quiz

Financial Education

1st - 5th Grade

Hard

Created by

Sukristina Kristyn

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the main types of economic activities?

Quaternary, Quinary, Tertiary

Secondary, Tertiary, Quinary

Primary, Secondary, Tertiary

Primary, Tertiary, Quaternary

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define primary economic activities and give examples.

Primary economic activities include agriculture, fishing, forestry, and mining.

Manufacturing and construction

Transportation and logistics

Retail and wholesale trade

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are secondary economic activities?

Secondary economic activities are focused on agriculture and farming.

Secondary economic activities include the extraction of natural resources.

Secondary economic activities are the manufacturing and processing of raw materials into finished products.

Secondary economic activities involve the sale of finished products.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Explain tertiary economic activities with examples.

Examples of tertiary activities include mining and agriculture.

Tertiary economic activities are service-oriented, including examples like education, healthcare, and hospitality.

Tertiary economic activities focus on manufacturing goods.

Tertiary economic activities are primarily concerned with raw material extraction.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of natural resources in production?

Natural resources are primarily for recreational purposes.

Natural resources serve as fundamental inputs in the production of goods and services.

Natural resources have no impact on production processes.

Natural resources are only used for energy production.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Identify the four factors of production.

Water, Technology, Management, Marketing

Raw Materials, Services, Innovation, Trade

Land, Labor, Capital, Entrepreneurship

Finance, Resources, Skills, Production

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does labor contribute to economic activities?

Labor is essential for producing goods and services, driving productivity and innovation in the economy.

Labor is primarily focused on administrative tasks.

Labor is only necessary for manual jobs.

Labor does not affect productivity in the economy.

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