Level of Production
Quiz
•
Business
•
9th Grade
•
Practice Problem
•
Medium
ALANA DAVID
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an advantage of the subsitence level of prodcution?
Development of local talents
Specialisation of industries
Self-sufficiency of an economy
Earning of foreign exchange
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Granosia is a country that produces enough goods to meet the needs and wants of its people. However, there is very little of the produce left over for export. The government of Granosia ensures the development of local skills and talents in production. Identify the level of production at which the economy of Granosia is operating.
Subsistence level of prodcution
Domestic level of production
Export-oriented production
International level of production
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The services that margaret, a waitress, provides by waiting tables at a restaurant is part of _______.
primary production
secondary production
tertiary production
mass production
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Suppose Smith & Associates provides legal services to clients in Barbados. Identify the correct statement about the firm.
The profits earned by the firm are not a part of the country's gross
The services provided by the firm are an example of tertiary
The lawyers employed by the firm are not a part of the country's labour
The services provided by the firm are an example of an indirect service.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statement is true?
The conversion of cotton into fibre is an example of primary production
The extraction of bauxite from one is an example of secondary production
The assembling of automobile parts is an example of tertiary production
The refining of petroleum into lubricating oil is an example of secondary production
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