G9 Econ Summary Quiz (23-24)

Which of the following sectors is involved in the extraction of raw materials?

• Secondary Sector

• Tertiary Sector

• Quaternary Sector

• Primary Sector

Which of the following sectors is involves the use of Information Technology?

• Secondary Sector

• Tertiary Sector

• Quaternary Sector

• Primary Sector

Which of the following sectors is involved in the processing of raw materials?

• Secondary Sector

• Tertiary Sector

• Quaternary Sector

• Primary Sector

Which sector is responsible with services?

• Secondary Sector

• Tertiary Sector

• Quaternary Sector

• Primary Sector

What is meant by financial economies of scale?

• lower average cost by financial institutions

• lower average cost because a firm can borrow more cheaply

• lower average cost because a firm uses a larger equipment

• lower average cost a firm because of improvement in its finance department

What type of merger exists when a chemical company merges with a toy company?

• vertical merger backward

• horizontal merger

• conglomerate

• vertical merger forward

Which of the following would increase the chances of a trade union being successful when pressing for higher wages?

• lower profitability of the company

• decreased number of trade union members

• higher unemplyment

• increased profitability

Which of the following is not a function of a trade union?

• increasing shareholders' dividends

• raising members' wages

• improving workers' condition

• being a voice of the members

Point X shows the market for electricians in the country. More and more people trained to be electricians. What would be the next equilibrium point?

• A

• B

• C

• D

What is a PIECE-RATE SYSTEM method of payment for workers?

• workers are paid based on the hours they've rendered

• workers are paid based on their efforts

• workers are paid based on the output they produce

• workers are paid based on the output they sell