1. Economic activity and geographical areas

What are the three components of economic activity?

• Production, distribution, consumption

• Purchases, sales, exchange

• Investment, savings, expenditure

• Import, export, storage

What are the sectors of economic activity?

• Public, private, mixed

• Primary, secondary, tertiary

• National, international, local

• Industrial, agricultural, commercial

Secondary sector is the most important one in developed countries

• False, it's important in emerging countries

• True

• False, primary sector is more important

What are the economic agents responsible for economic activity?

• Unions, local governments, NGOs

• Institutions, organizations, corporations

• Banks, investors, traders

• Businesses, families, State

The aim of businesses is...

• to obtain economic profit

• To satisfy their needs

• To provide welfare

• All answers are correct

According the the size and capital ownership, Mercadona is a business...

• Large-sized and private

• Medium-sized and mixed

• Medium-sized and public

• Large-sized and public

The aim of families is...

• to obtain economic profit

• To satisfy their needs

• To provide welfare

• All answers are correct

What are renewable natural resources?

• Those that require long periods of time to renew

• Those that can be renewed in a short period of time

• Those that are exclusively minerals

• Those that cannot be renewed

What is the factor of production that includes material, financial, and human elements?

• Natural resources

• Technology

• Capital

• Labour

A secondary student is...

• employed population, because they're working

• unemployed population, because they're not working

• inactive population, because they can't work