1.
Which one of these descriptions describe a tertiary industry?
Correct Answer
B. _____ provides personal, social, and commercial services.
Explanation
The correct answer is "_____ provides personal, social, and commercial services." This description aligns with the characteristics of a tertiary industry, which focuses on providing services rather than producing goods or extracting natural resources. Tertiary industries include sectors such as healthcare, education, hospitality, finance, and retail, among others. These industries play a crucial role in supporting and enhancing the quality of life for individuals and communities, as well as facilitating economic activities.
2.
Which of these descriptions describe a primary industry?
Correct Answer
C. _____ industry is work based on harvesting natural resources.
Explanation
The correct answer is "Primary industry is work based on harvesting natural resources." This answer accurately describes the primary industry as one that involves the extraction or production of raw materials from the earth, such as agriculture, mining, fishing, or forestry. These industries are the foundation of the economy as they provide essential resources for other industries to manufacture goods or provide services.
3.
Which two cites is described in the secondary industry section, as one of the most important design and manufacturing centers.
Correct Answer
B. Montreal and Toronto.
Explanation
The correct answer is Montreal and Toronto because they are described in the secondary industry section as one of the most important design and manufacturing centers.
4.
Outsourcing means to hire someone from a different country to work in their company, because it is much cheaper and to reduce costs.
Correct Answer
A. True
Explanation
Outsourcing refers to the practice of hiring individuals from another country to work for a company. This is done primarily to reduce costs as it is often cheaper to employ workers from countries with lower wages. By outsourcing, companies can save money on labor and other expenses, making it a cost-effective strategy. Therefore, the given statement is true.
5.
Multiplier effect is mostly found in convenience stores and gas stations.
Correct Answer
B. False
Explanation
The statement is false because the multiplier effect is not limited to convenience stores and gas stations. The multiplier effect refers to the phenomenon where an initial increase in spending leads to a larger increase in total economic activity. This can occur in various sectors of the economy, not just limited to convenience stores and gas stations.
6.
_____, _____, _____, and _____ are primary industries because each one gathers natural resources.
Correct Answer
Farming, fishing, forestry, mining
Explanation
Farming, fishing, forestry, and mining are considered primary industries because they all involve the extraction or cultivation of natural resources. In farming, crops and livestock are grown and raised for food production. Fishing involves catching fish and other seafood from bodies of water. Forestry focuses on the management and harvesting of trees for timber and other forest products. Mining involves the extraction of minerals, metals, and other valuable resources from the earth. These industries directly rely on natural resources and play a crucial role in providing raw materials for various sectors of the economy.
7.
What is the definition of outsourcing?
Correct Answer
To hire a worker from another country to work in their company.
Explanation
Outsourcing refers to the practice of hiring a worker from another country to work in a company. This involves delegating specific tasks or functions to an external individual or organization, often in a different geographical location, in order to reduce costs, increase efficiency, or access specialized skills. By outsourcing, companies can tap into a global talent pool and benefit from lower labor costs or expertise that may not be available locally.