Understanding Economic Sectors and Development

What is the primary focus of the primary sector?

• Natural resource extraction

• Information processing

• Manufacturing products

• Service provision

Which sector is directly involved in manufacturing goods?

• Primary sector

• Secondary sector

• Tertiary sector

• Quaternary sector

Which sector's jobs are often located near major transportation infrastructures?

• Secondary sector

• Quinary sector

• Primary sector

• Tertiary sector

What has enabled services to be provided over the internet to various geographic areas?

• Globalization

• Technological advancements

• Decrease in service demand

• Increase in manufacturing jobs

What trend is observed as countries develop economically?

• Stagnation in secondary sector jobs

• Increase in tertiary sector jobs

• Shift from tertiary to primary sector

• Decrease in quaternary sector jobs

Which sector includes jobs like teachers and journalists?

• Primary sector

• Quinary sector

• Secondary sector

• Quaternary sector

Which countries are considered core countries?

• Those with declining industrial sectors

• Those primarily in the primary sector

• Those with high standards of living

• Those with emerging economies

What does Weber's least cost theory aim to minimize?

• Product size and weight

• Labor and transportation costs

• Production time

• Number of employees

What characterizes a bulk-gaining good?

• Becomes lighter as it's produced

• Gains weight during production

• Is always made from natural resources

• Decreases in value during production

What is a significant impact of multinational corporations locating production in periphery countries?

• Uniform economic development

• Decreased production costs

• Increased economic equality globally

• Increased labor costs