WorksheetsMultiple Choice Questions on Economic Activities
Total questions: 20
Worksheet time: 10mins
The activity of creating or adding value to a good or service is called...
Consumption
Distribution
Production
Exchange
Natural resources used in the production process are called production factors...
Capital
Labor
Nature
Entrepreneurship
The party that regulates and manages production factors to produce goods or services is called...
Consumer
Distributor
Producer
Agent
The activity of channeling goods or services from producers to consumers is called...
Production
Consumption
Distribution
Investment
One of the main objectives of distribution is...
To increase the price of goods
To limit the number of consumers
To ensure goods are available in the right place
To quickly deplete stock of goods
The following is an example of an indirect distribution channel...
Farmers selling vegetables directly to buyers
Factories selling their products through their own stores
Producers selling goods through wholesalers and retailers
Artisans selling their works at exhibitions
The activity of using goods or services to meet life needs is called...
Production
Distribution
Consumption
Savings
A person's level of consumption is greatly influenced by...
The amount of goods produced
The extent of the distribution network
The size of the income received
The high cost of promotion
An example of production activity in the agricultural sector is...
Making furniture from wood
Sewing clothes in a workshop
Planting rice in a field
Providing legal consulting services
Transportation companies that deliver goods from factories to stores are included in...
Production
Consumption
Distribution
Exploitation
The utility of a good will decrease if consumed continuously. This concept is known as...
Law of Demand
Law of Supply
Gossen's First Law
Gossen's Second Law
Consumer decisions in purchasing goods are influenced by factors...
Only the price of goods
Only the quality of goods
Price, quality, and needs
Only the availability of goods
The role of distributors is very important in economic activities because...
What is the role of a distributor in economic activities?
Determining the selling price of goods
Improving product quality
Facilitating consumers to obtain goods
Regulating the quantity of goods produced
Economic activities that produce raw goods are called which sector?
Secondary
Tertiary
Primary
Quaternary
Economic activities that process raw materials into finished goods are called which sector?
Primary
Tertiary
Secondary
Quaternary
Economic activities that provide service are called which sector?
Primary
Secondary
Tertiary
Quaternary
Which of the following is an example of productive consumption activities?
Buying food for breakfast
Buying clothes for work
Buying luxury cars for collection
Buying movie tickets for entertainment
As education level increases, consumption patterns tend to be?
More extravagant
More simple
More diverse and quality
Less planned
Institutions or individuals who carry out production activities are called?
Consumer households
Producer households
Government
Foreign society
