2nd 9 Weeks 6 weeks Quiz Review

An economic activity generates research and new knowledge in universities and research centers.

• Primary economic activity

• Secondary economic activity

• Tertiary economic activity

• Quaternary economic activity

A big business that uses mass manufacturing in factories.

• Commercial industries

• Cottage industries

A business or manufacturing activity carried on in a person's home.

• Commercial Industries

• Cottage Industries

When you extract raw material from the earth: mining, logging, farming, hunting and gathering, fishing.

• Primary economic activity

• Secondary economic activity

• Tertiary economic activity

• Quaternary economic activity

The part of the economy that sells products or provides services to others. For example, a waitress, a nurse, a construction worker,- anyone who is providing a service.

• Primary economic activity

• Secondary economic activity

• Tertiary economic activity

• Quaternary economic activity

What is an economic system where only the government makes the economic decisions? 

• traditional economy
• free enterprise 
• mixed economy
• command economy

Which economy is dictated by supply and demand and the buyers and sellers?

• Market
• Socilaism 
• Mixed 
• Command 

What economic sector generates research and new knowledge?

• Primary

• Quaternary

• Secondary

• Tertiary

Which economic sector collects natural resources from the environment?

• Primary

• Secondary

• Tertiary

• Quaternary

The part of the economy that transforms the raw materials into goods for sale: factory workers or people who make things out of raw materials (a weaver would make clothing out of cotton)

• Primary economic activity

• Secondary economic activity

• Tertiary economic activity

• Quaternary economic activity