Economic Sectors and Weber's Least Cost Theory

Which sector deals with natural resources like fishermen, farmers, and coal miners?

• Tertiary sector

• Quaternary sector

• Secondary sector

• Primary sector

Which sector involves producing and manufacturing raw materials into products of greater value?

• Quaternary sector

• Tertiary sector

• Secondary sector

• Primary sector

Which sector is based on services like lawyers, doctors, and salespeople?

• Tertiary sector

• Quaternary sector

• Secondary sector

• Primary sector

Which country is an example of a core country with jobs in the quinary and quaternary sectors?

• Mexico

• Brazil

• United States

• China

What is the term for transferring goods from one mode of transportation to another?

• Break of bulk point

• Bulk transfer

• Transportation shift

• Mode exchange

Alfred Weber's least cost theory focuses on minimizing costs by considering what factors?

• Transportation distance and product weight

• Market demand and production speed

• Customer preferences and advertising

• Raw resources and labor cost

What is the term for businesses clustering together to reduce costs and increase efficiency?

• Centralization

• Integration

• Consolidation

• Agglomeration

Bulk reducing goods are more likely to locate production near what?

• The market

• The labor force

• The raw resources

• The transportation hub

Which type of goods are likely to locate production near the market?

• Bulk reducing goods

• Bulk gaining goods

• Specialized goods

• Luxury goods

Which countries are more likely to have primary activities as their main economic production?

• Developing countries

• Periphery countries

• Semi-periphery countries

• Core countries