10. What is another name for service industries?A. Primary industryB. Secondary industryC. Tertiary industry11. What term refers to the basic energy and equipment needs of all industries-utilities,transportation,and communication?A. SuperstructureB. InfrastructureC. UnderstructureD. Ultrastructure12. What term refers to all of the most basic industries (interacting with the environment andextracting its resources)?A. Primary industryB. Secondary industryC. Tertiary industryD. Service industry13. Which industry is when businesses take raw materials and change them into useful forms.A. Primary industryB. Secondary industryC. Tertiary industry14. What is the study of the process by which individuals and countries make choices about the useof their resources?A. EcologyB. ErgonomicsC. EconomicsD. Geometrics15. 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 chargesB. Trade chargesC. TariffsD. Toll charges17. Farmers who make their own clothing, furniture, and homes and grow just enough food to meettheir own families' needs are called...A. cash crop farmersB. primary farmersC. subsistence farmersD. commercial farmers2 of 518 Products that generally last less than a vear are|| 18. Products that generally last less than a year are...durable goodsA. nondurable goodsB. natural goodsC. tertiary goods19. Copper, lead, iron, and aluminum are useful when combined with other metals to form...A. heavy metalsB. alloysC. precious metalsD. lotions20. All of the following are common metals except...A. copperB. ironC. aluminumD. silver21. Cultivation or farming of seafood in a controlled, artificial environment is called...A. aquacultureB. agricultureC. sea farmingD. forestry22. A ban on importing or exporting selected products or trading with a particular country is called...A. an embargoB. an importC. an exportD. a monopoly23. What is the application of science to industry?A. scientologyB. economicsC. technologyD. industrial revolution24. What term describes countries characterized by their large population and low per capita GDP?A. underachieving countryB. third world countryC. developed countryD. developing country25. System where businesses freely compete in the marketplace for buyers with little interferencefrom the government.A. CapitalismB. Socialism26. System where the government owns and controls the major industries and promises to makeproduction decisions for the welfare of society.A. CapitalismB. Socialism3 of 5

The economy has these sectors: Primary, secondary, tertiary, quaternary.

Answered: 10. What is another name for service…

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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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

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