Unit 2B-Economic Geography

What are the 4 factors of production?

• money, farming, equipment, entrepreneurship

• labor, water, farming, entrepreneurship

• land, labor, capital, entrepreneurship

• money, labor, farming, entrepreneurship

A picture of an automobile factory is an example of what sector?

• Primary Sector

• Secondary Sector

• Tertiary (third) Sector

• Traditional Sector

A picture of a dentist cleaning teeth is an example of what sector?

• Primary Sector

• Secondary Sector

• Tertiary (third) Sector

• Capital (money)

Which is an example of an economic activity?

• organizing a rally to protest government debt

• skiing while on vacation

• making jewelry and selling it online

• attending school

A picture of a mining machine is an example of a what sector?

• Primary Sector

• Secondary Sector

• Tertiary (third) Sector

• Last Sector

A country where the government controls the economy and decides what to produce and sell is what type of economy?

• Traditional Economy

• Mixed Economy

• Free Enterprise Economy

• Command Economy

In what type of economy do people trade goods and services without money?

• Traditional Economy

• Mixed Economy

• Free Enterprise Economy

• Command Economy

What type of economy allows privately owned businesses produce and sell goods that people buy in markets?

• Command Economy

• Traditional Economy

• Free Enterprise Economy

• Mixed Economy

An economy with elements of both free enterprise and command economies is called what?

• Command Economy

• Free Enterprise Economy

• Mixed Economy

• Traditional Economy

Ways in which governments organize the production of goods and services is called what?

• Command Economy

• Free Enterprise Economy

• Traditional Economy

• Economic Systems