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Economics quiz 4

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

It is characterized by rivalry and non-excludability.

a)

public goods

b)

club goods

c)

common goods

d)

alternative goods

2.

It is characterized by excludability and nonrivalry.

a)

public goods

b)

club goods

c)

common goods

d)

alternative goods

3.

Sector of the economy that includes industries in the business of extracting raw materials from natural resources.

a)

primary

b)

secondary

c)

tertiary

d)

primary and secondary

4.

Sector of the economy that covers the marketing and selling of raw and manufactured products.

a)

primary

b)

secondary

c)

tertiary

d)

primary and secondary

5.

It is the sector composed of institutions that are privately owned.

a)

primary

b)

secondary

c)

private

d)

public

6.

The negative externalities and consumption of which causes harm to society.

a)

public goods

b)

club goods

c)

merit goods

d)

demerit goods

7.

This sector characterized the transformation of raw materials into finish goods.

a)

industry

b)

service

c)

agriculture and fishing

d)

both industry and service

8.
This is NOT part of the tertiary sector
a)
Transport
b)
Construction
c)
Trade
d)
Education
9.
This is NOT part of the tertiary sector
a)
Administration
b)
Education
c)
Healthcare
d)
Fishing
10.
Fishing, Mining, Farming, and Forestry are examples of what economic activity?
a)
Primary
b)
Secondary
c)
Teritiary
d)
Quaternary 
11.
Which economic activity would lawyers, doctors, salespeople, and customer service representatives fall under?
a)
Primary
b)
Secondary
c)
Tertiary
d)
Quaternary
12.

We have a competition standard swimming pool; although it has no wave machines or additional equipment as do competing local facilities.

a)

Strength

b)

Weakness

c)

Opportunity

d)

Threat

13.

There has been an important decrease in the birth rate over the last ten years.

a)

Strength

b)

Weakness

c)

Opportunity

d)

Threat

14.

The Center has been offered the latest sporting craze.

a)

Strength

b)

Weakness

c)

Opportunity

d)

Threat

15.

What is Porters first name?

a)

Michael

b)

John

c)

Richard

d)

Simon