Economic Sectors Quiz

Which sector includes activities such as agriculture, mining, energy, forestry, and fisheries?

• Primary production

• Secondary production

• Tertiary production

• Quaternary production

What does secondary production involve?

• The transportation, wholesaling, and retailing of finished goods to consumers

• The processing of the raw materials drawn from the primary sector

• Services such as health, education, and utilities

• Wholesaling, finance, banking, insurance, and real estate

Which of the following best describes tertiary production?

• It includes agriculture, mining, and energy production

• It involves the processing of raw materials

• It encompasses the transportation, wholesaling, and retailing of finished goods to consumers

• It consists of wholesaling, finance, banking, insurance, and real estate

What is a characteristic of farming in more-developed countries?

Why is it important to consider the cash value of what is produced in one sector compared to other sectors?

• To determine the volume in bushels or weight in tons

• To explain why certain products and services are emphasized in an economy

• To assess the number of people living in rural agricultural regions

• To understand the types of products or services created by a sector

What is a major concern for international aid groups regarding the tea commodity chain?

• The high cost of tea production

• The oversupply of tea and poverty of producers

• The environmental impact of tea farming

• The complexity of the commodity chain

What happened to the price of oil (petroleum) by the end of 2008?

• It remained stable throughout the year

• It increased to over $120 per barrel

• It fell below $50 per barrel

• It became less valuable than timber markets

Which of the following energy sources are generally renewable if managed properly?

• Minerals and fossil fuel energy

• Metals and glass

• Energy sources that do not run on fossil fuels

• Timber markets

Why must companies in heavily regulated and protected natural resource industries use more technology and larger processing facilities?

• To reduce the environmental impact

• To comply with international aid group policies

• To remain profitable and meet growing consumer demand

• To increase the supply of natural resources

What is considered an unsustainable practice that harms the ocean ecosystem?

• Using solar energy

• Recycling metals and glass

• Catching fish with two-mile-long microfilament gill nets

• Managing renewable energy sources properly