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10. What is another name for service industries? A. Primary industry B. Secondary industry C. Tertiary industry

10. What is another name for service industries? A. Primary industry B. Secondary industry C. Tertiary industry

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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10. What is another name for service industries? A. Primary industry B. Secondary industry C. Tertiary industry 11. What term refers to the basic energy and equipment needs of all industries-utilities, transportation,and communication? A. Superstructure B. Infrastructure C. Understructure D. Ultrastructure 12. What term refers to all of the most basic industries (interacting with the environment and extracting its resources)? A. Primary industry B. Secondary industry C. Tertiary industry D. Service industry 13. Which industry is when businesses take raw materials and change them into useful forms. A. Primary industry B. Secondary industry C. Tertiary industry 14. What is the study of the process by which individuals and countries make choices about the use of their resources? A. Ecology B. Ergonomics C. Economics D. Geometrics 15. What is the most common method of measuring a country's wealth? A. GAP (Great American Product) B. GBP (Great Big Product) C. GCP (Greater Country Product) D. GDP (Gross Domestic Product) 16. What are taxes on goods brought into the country from another country? A. Export charges B. Trade charges C. Tariffs D. Toll charges 17. Farmers who make their own clothing, furniture, and homes and grow just enough food to meet their own families' needs are called... A. cash crop farmers B. primary farmers C. subsistence farmers D. commercial farmers 2 of 5 18 Products that generally last less than a vear are ||
Transcribed Image Text:10. What is another name for service industries? A. Primary industry B. Secondary industry C. Tertiary industry 11. What term refers to the basic energy and equipment needs of all industries-utilities, transportation,and communication? A. Superstructure B. Infrastructure C. Understructure D. Ultrastructure 12. What term refers to all of the most basic industries (interacting with the environment and extracting its resources)? A. Primary industry B. Secondary industry C. Tertiary industry D. Service industry 13. Which industry is when businesses take raw materials and change them into useful forms. A. Primary industry B. Secondary industry C. Tertiary industry 14. What is the study of the process by which individuals and countries make choices about the use of their resources? A. Ecology B. Ergonomics C. Economics D. Geometrics 15. What is the most common method of measuring a country's wealth? A. GAP (Great American Product) B. GBP (Great Big Product) C. GCP (Greater Country Product) D. GDP (Gross Domestic Product) 16. What are taxes on goods brought into the country from another country? A. Export charges B. Trade charges C. Tariffs D. Toll charges 17. Farmers who make their own clothing, furniture, and homes and grow just enough food to meet their own families' needs are called... A. cash crop farmers B. primary farmers C. subsistence farmers D. commercial farmers 2 of 5 18 Products that generally last less than a vear are ||
18. Products that generally last less than a year are... durable goods A. nondurable goods B. natural goods C. tertiary goods 19. Copper, lead, iron, and aluminum are useful when combined with other metals to form... A. heavy metals B. alloys C. precious metals D. lotions 20. All of the following are common metals except... A. copper B. iron C. aluminum D. silver 21. Cultivation or farming of seafood in a controlled, artificial environment is called... A. aquaculture B. agriculture C. sea farming D. forestry 22. A ban on importing or exporting selected products or trading with a particular country is called... A. an embargo B. an import C. an export D. a monopoly 23. What is the application of science to industry? A. scientology B. economics C. technology D. industrial revolution 24. What term describes countries characterized by their large population and low per capita GDP? A. underachieving country B. third world country C. developed country D. developing country 25. System where businesses freely compete in the marketplace for buyers with little interference from the government. A. Capitalism B. Socialism 26. System where the government owns and controls the major industries and promises to make production decisions for the welfare of society. A. Capitalism B. Socialism 3 of 5
Transcribed Image Text:18. Products that generally last less than a year are... durable goods A. nondurable goods B. natural goods C. tertiary goods 19. Copper, lead, iron, and aluminum are useful when combined with other metals to form... A. heavy metals B. alloys C. precious metals D. lotions 20. All of the following are common metals except... A. copper B. iron C. aluminum D. silver 21. Cultivation or farming of seafood in a controlled, artificial environment is called... A. aquaculture B. agriculture C. sea farming D. forestry 22. A ban on importing or exporting selected products or trading with a particular country is called... A. an embargo B. an import C. an export D. a monopoly 23. What is the application of science to industry? A. scientology B. economics C. technology D. industrial revolution 24. What term describes countries characterized by their large population and low per capita GDP? A. underachieving country B. third world country C. developed country D. developing country 25. System where businesses freely compete in the marketplace for buyers with little interference from the government. A. Capitalism B. Socialism 26. System where the government owns and controls the major industries and promises to make production decisions for the welfare of society. A. Capitalism B. Socialism 3 of 5
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