Understanding Economic Sectors

Which of the following is an example of a primary sector activity?

• Car manufacturing

• Banking

• Farming

• Retailing

What is the main activity of the secondary sector?

• Extracting raw materials

• Selling goods to consumers

• Providing services

• Manufacturing goods

Which of these is a characteristic of tertiary sector businesses?

• They rely on raw materials

• They produce goods

• They provide services

• They extract natural resources

In a developed economy, which sector usually contributes the most to GDP?

• Primary

• Secondary

• Tertiary

• Informal

Why is the primary sector less important in most developed countries today?

• The resources have run out

• Consumers only want services

• Industrialization has reduced the need for manual labor

• Farming is banned

Which of the following businesses is in the private sector?

• Public school

• State-owned bank

• Supermarket chain

• National post office

A key difference between public and private sector businesses is:

• Only public sector businesses pay taxes

• Public sector businesses aim for profit

• Private sector businesses are owned by the government

• Public sector businesses are owned by the government

Which of the following would most likely be classified under the secondary sector?

• Coal mining

• Hairdressing

• House construction

• Legal advice

In a mixed economy, who controls the means of production?

• Only the government

• Only private individuals

• Both the government and private individuals

• No one

Developing economies often rely heavily on which sector?

• Secondary

• Tertiary

• Primary

• Quaternary