Economic Systems

Which factors of production are needed in all types of economic systems?

• land

• labor

• capital

• currency

• industries

Miners would be categorized under which factor of production?

• land

• labor

• capital

Cocoa beans would be categorized under which factor of production?

• land

• labor

• capital

Computers would be categorized under which factor of production?

• land

• labor

• capital

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

• primary industries

• secondary industries

• tertiary (service) industries

Which industry has to do with manufacturing or creating goods?

• primary industries

• secondary industries

• tertiary (service) industries

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

• primary industries

• secondary industries

• tertiary (service) industries

Water-bottling facilities would be categorized under which type of industry?

• primary industries

• secondary industries

• tertiary (service) industries

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

• primary industries

• secondary industries

• tertiary (service) industries

Cattle ranching would be categorized under which type of industry?

• primary industries

• secondary industries

• tertiary (service) industries