OBJECTIVE 2.7 Mastery Checks

A business that repairs bicycles belongs to which category of industry?

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A business that makes goods like furniture from raw materials belongs to which category of industry?

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Natural resources such as OIL, NATURAL GAS, and COAL impact a country's ​ (a)  

• economy

• education

• civil rights

• politics

Answer explanation

Natural resources like oil, natural gas, and coal are crucial for a country's economy as they drive energy production, create jobs, and generate revenue. Thus, they significantly impact economic growth and stability.

Determine whether the factors of production listed are PHYSICAL GEOGRAPHIC or HUMAN GEOGRAPHIC

Groups:

(a) PHYSICAL GEOGRAPHIC

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(b) HUMAN GEOGRAPHIC

• Laborers

• Natural Resources

• Capital

Which of these businesses is part of the service industry?

• a business that plants and harvests wheat

• a business that sells computers to students

• a business that sells hats and shirts to sports fans

• a business that develops applications for smartphones

Answer explanation

The correct choice is 'a business that develops applications for smartphones' because it provides a service (software development) rather than a tangible product, which is characteristic of the service industry.

Which of these businesses is part of the manufacturing industry?

• a business that sells popcorn in a park

• a business that makes rings from silver

• a business that harvests fruit from trees

• a business that loans money to consumers

Answer explanation

The correct choice is 'a business that makes rings from silver' because it involves the production of goods, which is a key characteristic of the manufacturing industry. The other options involve services or agriculture.

Which of these people is a worker in a retail industry?

• a worker who rakes leaves

• a worker in a public school

• a worker who builds houses

• a worker in a sporting goods store

Answer explanation

A worker in a sporting goods store is directly involved in the retail industry, selling products to consumers. The other options involve different sectors: landscaping, education, and construction.

Which industry involves using land to farm or ranch?

• Mining

• Manufacturing

• Retail

• Agriculture

Answer explanation

The agriculture industry specifically involves using land for farming and ranching activities, making it the correct choice among the options provided.

Which of the following best describes the manufacturing industry?

• The manufacturing industry is the sector that produces goods from raw materials.

• The manufacturing industry is a sector that provides financial services.

• The manufacturing industry only deals with digital products.

• The manufacturing industry is focused solely on service delivery.

Answer explanation

The correct choice accurately defines the manufacturing industry as the sector that transforms raw materials into finished goods, distinguishing it from sectors focused on services or digital products.

Which of the following is an example of a service industry?

• A factory producing shoes

• A grocery store selling vegetables

• A farm growing wheat

• A hospital providing medical care

Answer explanation

A hospital providing medical care is a clear example of a service industry, as it offers services rather than goods. In contrast, a factory, grocery store, and farm primarily produce or sell physical products.