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Worksheets1. Economic activity and geographical areas
Total questions: 20
Worksheet time: 7mins
What are the three components of economic activity?
Production, distribution, consumption
Purchases, sales, exchange
Investment, savings, expenditure
Import, export, storage
What are the sectors of economic activity?
Public, private, mixed
Primary, secondary, tertiary
National, international, local
Industrial, agricultural, commercial
Secondary sector is the most important one in developed countries
False, it's important in emerging countries
True
False, primary sector is more important
What are the economic agents responsible for economic activity?
Unions, local governments, NGOs
Institutions, organizations, corporations
Banks, investors, traders
Businesses, families, State
The aim of businesses is...
to obtain economic profit
To satisfy their needs
To provide welfare
All answers are correct
According the the size and capital ownership, Mercadona is a business...
Large-sized and private
Medium-sized and mixed
Medium-sized and public
Large-sized and public
The aim of families is...
to obtain economic profit
To satisfy their needs
To provide welfare
All answers are correct
What are renewable natural resources?
Those that require long periods of time to renew
Those that can be renewed in a short period of time
Those that are exclusively minerals
Those that cannot be renewed
What is the factor of production that includes material, financial, and human elements?
Natural resources
Technology
Capital
Labour
A secondary student is...
employed population, because they're working
unemployed population, because they're not working
inactive population, because they can't work
Which of the following labour problems is NOT common in developed countries?
Unemployment due to economic underdevelopment
Labour conditions are well regulated by the State
There is not child labour
Women have greater difficulty to work
Which of the following characteristics are related to capitalist system?
It is regulated by the law of supply and demand
Its aim is social equality
It is also known as 'welfare state'
Private property and free competition exist
Which economic system regulates economic activity through state plans?
Neoliberal system
Mixed system
Socialist system
Capitalist system
Which of the following are characteristics of Keynesian ideologies?
It defends the intervention of State in economy
It defends public enterprises and the increase of salaries
It defends that public expenditure should be reduced at minimum
It defends private enterprises
Capitalism endangers the poorest social groups
True
False
What are the causes of economic globalization?
Advances in telecommunications
Improvements in transportation
Expansion of the capitalist system
Scarcity of natural resources
What is a disadvantage of economic globalization?
Increases economic inequality between developed and underdeveloped countries
Favors local small businesses
Increases employment in underdeveloped countries
Reduces production costs and product prices
Which of the following is consequence of economic globalization?
Preservation of cultural diversity and promotion of local traditions
Homogenization of cultures and loss of traditional practices
Increases cultural exchange and mutual understanding
Isolation of cultures and limited interaction
What is the name of companies that have establishments in many countries?
Multinationals
Nationals
Publics
Locals
The majority of multinational companies are in the US
True
False
