6 week Test Review C3

Front

The basic systems a society needs to function (include transportation systems, communication networks, sewage, water, and electric systems) -

Back

Infrastructure

Front

Farming on a small scale, growing just enough for you and your family to survive is called:

Back

Subsistence farming

Front

Renewable resources can be used and replenish themselves naturally. True or false?

Back

True

Front

Economic activities that involve the extraction of natural resources or raw materials are called:

Back

Primary economic activities

Front

Large scale farming, using many acres of land, machinery and technology to produce a product to sell is called:

Back

Commercial farming

Front

Which economic system do these characteristics represent:
1) Economic freedom
2) Voluntary exchange
3) Private property rights
4) Profit motive
5) Competition
6) Choose your occupation, employer, and job location

Back

free enterprise

Front

Small scale manufacturing of a product or business in a persons home is called:

Back

Cottage industry

Front

Economic activities that involve the processing of natural resources/raw materials into a product to sell is called:

Back

Secondary Economic Activity

Front

Economic Activities that provide a service are called: (Example: Doctor, Police Officer, Nurse)

Back

Tertiary Economic Activity

Front

Economic Activities that center around knowledge-based parts of the economy are called: (Example: Information Technology, Medical Research)

Back

Quaternary economic activities