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Wrap-Up Activity

Total questions: 46

Worksheet time: 23mins

Name
Class
Date
1.

Which of the following is the correct category for Automotive Industry?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

2.

Which of the following is the correct category for Manufacturing?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

3.

Which of the following is the correct category for Informal Labor?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

4.

Which of the following is the correct category for Globalization?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

5.

Which of the following is the correct category for Foreign Trade?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

6.

Which of the following is the correct category for World Bank?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

7.

Which of the following is the correct category for Street Vendors?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

8.

Which of the following is the correct category for Financial Services?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

9.

Which of the following is the correct category for Retail Industry?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

10.

Which of the following is the correct category for Textile Industry?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

11.

Which of the following is the correct category for Hospitality Industry?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

12.

Which of the following is the correct category for Cultural Exchange?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

13.

Which of the following is the correct category for Import/Export?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

14.

Which of the following is the correct category for Supply Chain?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

15.

Which of the following is the correct category for Livestock Farming?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

16.

Which of the following is the correct category for Technological Advancement?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

17.

Which of the following is NOT considered one of the primary economic sectors?

a)

Agricultural

b)

Manufacturing

c)

Service

d)

Informal

18.

Which of the following is the correct category for International Monetary Fund (IMF)?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

19.

Which of the following is the correct category for Tariffs?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

20.

Which of the following is the correct category for Crop Production?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

21.

Which of the following is the correct category for Agribusiness?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

22.

Which of the following is the correct category for Pharmaceutical Industry?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

23.

Which of the following is the correct category for Trade Surplus?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

24.

Which of the following is the correct category for Horticulture?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

25.

Which of the following is the correct category for Fisheries?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

26.

Which of the following is the correct category for Multinational Corporations (MNCs)?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

27.

Which of the following is the correct category for Trade Agreements?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

28.

Which of the following is the correct category for Trade Deficit?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

29.

Which of the following is the correct category for Outsourcing?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

30.

Which of the following is the correct category for Trade Balance?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

31.

Which of the following is the correct category for Interconnectedness?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

32.

Which of the following is the correct category for Comparative Advantage?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

33.

What is a key characteristic of the Informal Sector?

a)

It operates outside the regulations and formal structures of the economy.

b)

It is highly regulated by government agencies.

c)

It primarily consists of large corporations.

d)

It focuses on high-tech industries.

34.

Which sector is primarily concerned with the extraction and production of raw materials?

a)

Service Sector

b)

Industrial Sector

c)

AHFF Sector

d)

Informal Sector

35.

How does globalization impact the Service Sector?

a)

It leads to increased competition from international service providers.

b)

It has no effect on the Service Sector.

c)

It reduces the need for services.

d)

It increases government regulations on service industries.

36.

Foreign trade involves:

a)

Trade between individuals within the same country.

b)

Trade between companies within the same industry.

c)

Trade between countries.

d)

Trade between neighboring cities.

37.

Globalization refers to:

a)

The process of increasing interdependence among countries and their economies.

b)

The process of building walls and barriers between countries.

c)

The process of decreasing international trade.

d)

The process of isolating a country's economy from the rest of the world.

38.

What does the AHFF sector stand for?

a)

Agriculture, Horticulture, Forestry, and Fisheries

b)

Arts, Humanities, and Film Festivals

c)

Aerospace, Housing, and Food Franchises

d)

Agriculture, Hunting, Forestry, and Fisheries

39.

Which of the following is the correct category for Forestry?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

e)

Globalization and Foreign Trade

40.

How do advancements in technology impact the Industrial Sector?

a)

They lead to a decline in industrial production.

b)

They increase efficiency and productivity in manufacturing processes.

c)

They have no effect on the Industrial Sector.

d)

They increase the cost of production.

41.

Which economic sector primarily deals with providing intangible goods or services?

a)

Industrial Sector

b)

Service Sector

c)

Informal Sector

d)

AHFF Sector

42.

Which sector is responsible for the majority of employment in most modern economies?

a)

AHFF Sector

b)

Industrial Sector

c)

Service Sector

d)

Informal Sector

43.

Which of the following is NOT a factor that influences a country's participation in foreign trade?

a)

Geographic location

b)

Political stability

c)

Currency exchange rates

d)

Population density

44.

What role does the AHFF Sector play in ensuring food security?

a)

It has no impact on food security.

b)

It produces the majority of the world's food supply.

c)

It focuses solely on luxury food items.

d)

It contributes to food insecurity by depleting natural resources.

45.

Which of the following is an example of foreign trade?

a)

A farmer selling produce to a local market

b)

A company importing machinery from another country

c)

A retail store selling goods to local customers

d)

A service provider offering services to domestic clients

46.

Which of the following is an example of a service provided by the Service Sector?

a)

Manufacturing automobiles

b)

Retail sales in a grocery store

c)

Growing crops on a farm

d)

Mining coal from a quarry

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