Chapter 4 Economics

The economy is a system that includes all of the activities that people and businesses do to earn a living.

• TRUE
• FALSE

Countries today use a MIX of different economic activities and systems.

• True
• False

Countries today DO NOT use a MIX of different economic activities and systems.

• True
• False

The government is a system that includes all of the activities that people and businesses do to earn a living.

• True
• False

The industry that collects, produces or uses natural resources or raw materials.

• Primary
• Tertiary
• Secondary
• Quaternary

The industry that sells the products made in the secondary industries.

• Primary
• Tertiary
• Secondary
• Quaternary

The industry that use raw materials to produce or manufacture something new.

• Primary
• Tertiary
• Secondary
• Quaternary

The highest level of economic activity, involves research and distribution of information.

• Primary
• Tertiary
• Secondary
• Quaternary

Farming, fishing and mining are examples of the ______________ industry.

• Primary
• Secondary
• Tertiary
• Quaternary

The milk from dairy cows is used to make cheese.  Car manufactures use steel, plastic and rubber to put together cars.  These are both examples of the _________ industry.

• Primary
• Secondary
• Tertiary
• Quaternary