Economic Activity and Human Needs. Cristina and Miguel

What are goods in economic activity?

• Tangible objects like a computer or a flower

• Activities like health care or transporting people

• Elements available in nature that serve as raw materials or sources of energy

• Workers, money, and material elements required for production

Which sector includes agriculture, livestock farming, fishing, and forestry?

• Primary sector

• Secondary sector

• Tertiary sector

• Quaternary sector

What is the value of all products and services in a territory called?

• Gross domestic product (GDP)

• GDP per capita

• Supply

• Demand

Which sector employs the majority of the working population in advanced countries?

• Primary sector

• Secondary sector

• Tertiary sector

• Quaternary sector

What is the engine of the economy?

• Production

• Distribution

• Consumption

• Innovation

What are the factors of production?

• Natural resources, capital, technology, knowledge, and labor

• Goods and services, supply and demand, consumption and production

• Primary, secondary, and tertiary sectors

• Gross domestic product (GDP) and GDP per capita

What is the term used for the techniques applied in production that take advantage of scientific knowledge?

• Natural resources

• Capital

• Technology and knowledge

• Labor

Which countries are currently in fierce rivalry due to their technological level?

• USA and China

• Spain and France

• Germany and Japan

• India and Brazil

Who are the main economic agents in economic activities?

• State, companies, and individuals

• Producers, distributors, and consumers

• Primary, secondary, and tertiary sectors

• Gross domestic product (GDP) and GDP per capita

What process was accelerated by the COVID-19 pandemic in the production of goods and services?

• Digitalisation

• Globalisation

• Industrialisation

• Urbanisation