Chapters 1 + 2 Review
Authored by Barry Devine
Business
9th Grade
Used 4+ times
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14 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What am I? Extracts natural resources and produces raw materials (crude oil, iron ore, forestry, agriculture, fishing).
Tertiary sector
Needs
Public business
Primary production
2.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
The importance of the primary, secondary and tertiary sector depends on... (2 answers)
the % of total workers employed in each sector
how many people are happy
the value of output of products as a proportion of total national output
the amount of imports vs the amount of exports
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What am I?
Selling some public sector companies to private sector investors.
Entrepreneur
Interdependence
Privatization
Industrialisation
4.
FILL IN THE BLANKS QUESTION
2 mins • 1 pt
An advantage of privatization is: Private businesses may be run more (a) .
5.
OPEN ENDED QUESTION
2 mins • Ungraded
What are the four factors of production?
Evaluate responses using AI:
OFF
6.
OPEN ENDED QUESTION
2 mins • Ungraded
In your own words, what is the economic problem?
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OFF
7.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
Advantages of the division of labor:
Workers are trained in one task and specialize in
this – this increases efficiency and output
If one worker is absent and no one else can do the job, production might be stopped
Workers can become bored doing just one job – efficiency might fall
Quicker and cheaper to train workers as fewer
skills need to be taught
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