Economic Activities Quiz

What is the main focus of examining economic activities according to the competency described?

• To increase government revenue

• To explore income-generating opportunities for sustainable living

• To reduce global trade

• To promote luxury lifestyles

What does the concept of earning refer to?

• Spending money on wants

• Receiving money for work or services

• Saving money for the future

• Borrowing money from others

Which of the following is an example of a need?

• A new video game

• Food and water

• A luxury car

• A vacation trip

What is the difference between needs and wants?

• Needs are essential for survival, while wants are not necessary

• Needs are things you desire, while wants are things you require

• Needs are expensive, while wants are cheap

• Needs are only for adults, while wants are for children

Which of the following is an example of a skilled worker?

• A cashier

• A software engineer

• A janitor

• A delivery driver

What is the main difference between skilled and unskilled workers?

• Skilled workers have specialized training, while unskilled workers do not

• Skilled workers earn less money than unskilled workers

• Skilled workers work harder than unskilled workers

• Skilled workers do not need education, while unskilled workers do

Why is it important to choose jobs that match your skills?

• To earn more money

• To enjoy your work and perform well

• To avoid working hard

• To work fewer hours

What does earning a living mean?

• Spending money on luxuries

• Earning money for basic needs

• Saving money for the future

• Borrowing money from others

Why do people work and earn?

• To fulfill their needs and wants

• To become famous

• To travel the world

• To avoid responsibilities

What do people generally want in life?

• To live a happy and healthy life

• To have a lot of money

• To own a big house

• To travel to different countries