7.2 - Economic Sectors & Patterns

Which economic sector involves the extraction of raw materials and natural resources from the earth's surface?

• Quaternary Economic Activities

• Secondary Economic Activities

• Primary Economic Activities

• Tertiary Economic Activities

Which sector focuses on processing and manufacturing raw materials into finished products?

• Secondary Economic Activities

• Primary Economic Activities

• Tertiary Economic Activities

• Quaternary Economic Activities

The service sector that focuses on moving, selling, and trading products in primary and secondary sectors is known as:

• Quaternary Economic Activities

• Primary Economic Activities

• Secondary Economic Activities

• Tertiary Economic Activities

Which economic sector is characterized by knowledge-based activities such as research and information creation?

• Quaternary Economic Activities

• Tertiary Economic Activities

• Secondary Economic Activities

• Primary Economic Activities

The highest levels of decision making in government and business fall under which economic sector?

• Primary Economic Activities

• Quinary Economic Activities

• Secondary Economic Activities

• Tertiary Economic Activities

In more developed countries, the primary sector decreases due to an increase in which sector?

• Secondary Economic Activities

• Tertiary Economic Activities

• Quaternary Economic Activities

• Quinary Economic Activities

In less developed countries, the economy is mostly made up of which sector?

• Quaternary Economic Activities

• Tertiary Economic Activities

• Secondary Economic Activities

• Primary Economic Activities

Weber's Least Cost Theory predicts the location of manufacturing industries based on which factors?

• Climate conditions, Political stability, Cultural factors

• Government regulations, Market competition, Technology advancement

• Market demand, Raw material availability, Labor skills

• Transportation costs, Labor cost, Agglomeration

According to Weber's Assumptions, which factor dominates the decision about where to locate a factory?

• Market demand, Government policies, Technological advancements

• Cultural norms, Political stability, Climate conditions

• Economic factors, Social factors, Environmental factors

• Labor availability, Raw material distribution, Transportation costs

Weber's Location Triangle consists of which three components?

• Market, Raw material 1, Raw material 2

• Market, Labor availability, Transportation network

• Raw material availability, Labor skills, Government regulations

• Market demand, Labor cost, Agglomeration benefit