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Reviewing Economic Sectors

Total questions: 15

Worksheet time: 15mins

Name
Class
Date
1.

What is one of the four sectors of the economy?

a)

Education sector

b)

Government sector

c)

Agricultural sector

d)

Business sector

2.

Name one example of a banking service.

a)

Insurance

b)

Providing income

c)

Retail

d)

Savings and interest

3.

What are public services?

a)

Services provided by private companies to the general public.

b)

Services provided by non-profit organizations to the general public.

c)

Services provided by individuals to the general public.

d)

Services provided by the government to the general public.

4.

What are the benefits of public services?

a)

Public services are unnecessary in modern society.

b)

Public services provide essential benefits to society.

c)

Public services are a burden on taxpayers.

d)

Public services create inefficiencies in the economy.

5.

Why is trash collection important for the community?

a)

Trash collection is not important for the community because it is a waste of resources.

b)

Trash collection is not important for the community because it does not affect cleanliness.

c)

Trash collection is not important for the community because it does not have any impact on the environment.

d)

Trash collection is important for the community because it helps maintain cleanliness, prevents the spread of diseases, and protects the environment.

6.

What is the importance of education in society?

a)

Education is not important in society.

b)

Education helps in the overall development of individuals and society.

c)

Education is a burden on society.

d)

Education creates inefficiencies in the economy.

7.
Which sector of the American economy is this describing?
Provides checking accounts
a)
households
b)
banks
c)
businesses
d)
government
8.
Which sector of the American economy is this describing?
Collects taxes from the people
a)
households
b)
banks
c)
government
d)
businesses
9.
Which sector of the American economy is this describing?
Consumes (buys) goods such as books, toys, games, and sports equipment
a)
government
b)
businesses
c)
households
d)
banks
10.
Which sector of the American economy is this describing?
Provides savings accounts
a)
households
b)
banks
c)
government
d)
businesses
11.
Which sector of the American economy is this describing?
Manufactures and sells goods such as automobiles, computers, school supplies, and clothing
a)
households
b)
businesses
c)
government
d)
banks
12.
Which sector of the American economy is this describing?
Loans money to customers
a)
households
b)
banks
c)
government
d)
businesses
13.
Which sector of the American economy is this describing?
Produce and sell services such as photography, lawn care, manicures & pedicures, and piano lessons
a)
households
b)
banks
c)
government
d)
businesses
14.
Which sector of the American economy is this describing?
Provides public goods such as highways, parks, and schools
a)
households
b)
banks
c)
government
d)
businesses
15.
_________________ take risks to develop new goods and services to start a business.
a)
Stock Markets
b)
Governments
c)
Entrepreneurs
d)
Households