GH 3 Unit 2: World Economy

What are tangible objects that satisfy human needs?

• Goods

• Labour

• Technology

• Services

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

• Gross domestic product

• Economic globalization

• Labour market

• GDP per capita

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

• Tertiary sector

• Secondary sector

• Quaternary sector

• Primary sector

What is the main activity of the secondary sector?

• Agriculture

• Transporting people

• Healthcare

• Mining

What is the term for the human effort made, whether physical or intellectual?

• Natural resources

• Capital

• Labour

• Technology and knowledge

Which country has an ambitious geopolitical and economic project known as the New Silk Road?

• Brazil

• China

• Russia

• India

What is the term for a job that is not officially declared and not regulated by labor law?

• Communist work

• Formal work

• Informal work

• Subsistence work

Which country has become a significant global power and contributes more to global economic growth than the USA, Japan, and the eurozone countries combined?

• China

• Russia

• Brazil

• India

What is the process of progressive liberalization of international trade called?

• Economic globalization

• Economic activity

• Labour market

• Subsistence system

What is the term for a single company that controls the production and distribution of a product?

• Free competition

• Globalization

• Monopoly

• Oligopoly