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5 Written questions

5 Matching questions

  1. economic system
  2. tertiary industry
  3. consumer
  4. wages
  5. scarce
  1. a transport and distribute goods and services - deal with communication - highways, telephones, airlines
  2. b one who uses goods or services
  3. c amount paid to an individual for services provided
  4. d there are not enough productive resources to provide all of the goods and services wanted by citizens
  5. e how a country's economy is organized, determines what to produce, how to produce it and who to produce it for

5 Multiple choice questions

  1. careful management of producing, distributing and consuming wealth and resources
  2. anywhere goods or services are sold or traded
  3. process materials - manufacturing
  4. government controls/owns businesses and property, government makes all economic decisions/North Korea/Cuba
  5. what we need to produce goods and services,
    natural, human and capital resources

5 True/False questions

  1. capital resourcesminerals, water, trees and land

          

  2. human resources/laborminerals, water, trees and land

          

  3. primary industrytransport and distribute goods and services - deal with communication - highways, telephones, airlines

          

  4. traditional economybased on customs and traditions, people do what their ancestors did (generations)/Africa (tribal society)/India (caste system)/South American rural societies

          

  5. production processnatural resources + human resources + capital resources = goods and services

          

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