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5 Written questions

5 Matching questions

  1. primary industry
  2. market economy/capitalism/free enterprise
  3. human resources/labor
  4. producer
  5. traditional economy
  1. a based on customs and traditions, people do what their ancestors did (generations)/Africa (tribal society)/India (caste system)/South American rural societies
  2. b taking something from the earth - farming, fishing, mining and lumbering
  3. c one who grows agricultural products or manufactures goods
  4. d human effort and energy used in production
  5. e resources are owned by private citizens, citizens can keep profits from their own businesses, price guides the marketplace/United States/China (somewhat)/Russia/European countries/Mexico

5 Multiple choice questions

  1. one who uses goods or services
  2. natural resources + human resources + capital resources = goods and services
  3. items made or grown (produced)
  4. skill, foresight, and determination it takes to start a business and produce a product
  5. how a country's economy is organized, determines what to produce, how to produce it and who to produce it for

5 True/False questions

  1. tertiary industrytransport and distribute goods and services - deal with communication - highways, telephones, airlines

          

  2. quarternary industrytransport and distribute goods and services - deal with communication - highways, telephones, airlines

          

  3. scarceanywhere goods or services are sold or traded

          

  4. secondary industrytransport and distribute goods and services - deal with communication - highways, telephones, airlines

          

  5. economyone who uses goods or services

          

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