Economic Systems

Front

Miners would be categorized under which factor of production?

Back

labor

Front

Cocoa beans would be categorized under which factor of production? Options: land, labor, capital

Back

land

Front

Computers would be categorized under which factor of production? Options: land, labor, capital

Back

capital

Front

Which industry has to do with acquiring or harvesting natural resources?

Back

primary industries

Front

Which industry has to do with manufacturing or creating goods? Options: primary industries, secondary industries, tertiary (service) industries

Back

secondary industries

Front

Which industry has to do with providing help and services for people?

Back

tertiary (service) industries

Front

Water-bottling facilities would be categorized under which type of industry? Options: primary industries, secondary industries, tertiary (service) industries

Back

secondary industries

Front

Cable TV providers would be categorized under which type of industry?

Back

tertiary (service) industries

Front

Cattle ranching would be categorized under which type of industry? Options: primary industries, secondary industries, tertiary (service) industries

Back

primary industries

Front

Which of the following is NOT true?

• There are lots of entrepreneurs in a market economy.
• There are lots of industries in a traditional economy.
• There are lots of workers in a planned economy.

Back

There are lots of industries in a traditional economy.