CH 1:BUSINESS SECTORS
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Questions and Answers

What role does the tertiary sector play in the economy?

  • Facilitating consumer purchases and business operations (correct)
  • Providing transportation services
  • Processing and packaging raw food materials
  • Manufacturing raw materials

Which sector relies on the primary sector for raw materials?

  • None of the sectors
  • Tertiary sector
  • Quaternary sector
  • Secondary sector (correct)

How are the sectors interconnected in the economy?

  • By being isolated from one another
  • By having no impact on each other
  • Through forward and backward links (correct)
  • By competing against each other

Which industry is an example of the secondary sector?

<p>Food manufacturing industry (C)</p> Signup and view all the answers

What effect can advancements in agricultural technology have on the tertiary sector?

<p>Increase in food production impacting supply chain dynamics in retail (B)</p> Signup and view all the answers

Which statement best describes the relationship between the primary and secondary sectors?

<p>The secondary sector manufactures goods needed by consumers and businesses. (B)</p> Signup and view all the answers

Why is understanding the interdependence between sectors crucial?

<p>To grasp how economies function and sustain themselves (D)</p> Signup and view all the answers

What is a primary function of the tertiary sector?

<p>Facilitating consumer purchases and business operations (A)</p> Signup and view all the answers

Why do sectors in the economy need to be interrelated?

<p>To create forward and backward links for economic activities (B)</p> Signup and view all the answers

What is the primary function of the primary sector in an economy?

<p>Extraction and collection of natural resources (D)</p> Signup and view all the answers

Which of the following is NOT considered a part of the primary sector?

<p>Manufacturing (C)</p> Signup and view all the answers

How does the secondary sector rely on the primary sector?

<p>The secondary sector uses the raw materials supplied by the primary sector (A)</p> Signup and view all the answers

Which of the following is a key characteristic of the tertiary sector?

<p>Provision of services (D)</p> Signup and view all the answers

How does the tertiary sector support the other economic sectors?

<p>By offering services that enable the operation of the primary and secondary sectors (A)</p> Signup and view all the answers

Which of the following is an example of a tertiary sector activity?

<p>Retail (C)</p> Signup and view all the answers

What is the main purpose of the secondary sector in an economy?

<p>To transform raw materials into finished or semi-finished goods (A)</p> Signup and view all the answers

How does the primary sector contribute to the tertiary sector?

<p>By supplying raw materials for the tertiary sector's operations (D)</p> Signup and view all the answers

Which of the following best describes the relationship between the primary, secondary, and tertiary sectors?

<p>The sectors are interdependent, with each relying on the others for inputs and services (D)</p> Signup and view all the answers

What is the role of the secondary sector in the economic development of a country?

<p>To transform raw materials into finished or semi-finished goods, adding value to the economy (C)</p> Signup and view all the answers

How does the tertiary sector contribute to the overall productivity of an economy?

<p>By offering services that enable the efficient operation of the other sectors (A)</p> Signup and view all the answers

Which sector serves as the foundation for the other sectors by extracting and collecting natural resources?

<p>The primary sector (A)</p> Signup and view all the answers

Which sector is responsible for transforming raw materials from the primary sector into finished or semi-finished goods?

<p>The secondary sector (D)</p> Signup and view all the answers

If a significant advancement in agricultural technology leads to increased crop yields, which sector is likely to benefit the most?

<p>The secondary sector (D)</p> Signup and view all the answers

Which sector is responsible for providing services rather than tangible goods?

<p>The tertiary sector (B)</p> Signup and view all the answers

If a country experiences a significant decline in its manufacturing capabilities, which sector is likely to be impacted the most?

<p>The secondary sector (B)</p> Signup and view all the answers

Which sector is responsible for adding value to raw materials extracted from the primary sector?

<p>The secondary sector (C)</p> Signup and view all the answers

If a country experiences a significant decline in its mining industry, which sector is likely to be impacted the most initially?

<p>The primary sector (D)</p> Signup and view all the answers

Which sector is responsible for activities such as retail, banking, education, and transportation?

<p>The tertiary sector (D)</p> Signup and view all the answers

If a country experiences a significant increase in its construction industry, which sector is likely to benefit the most?

<p>The secondary sector (C)</p> Signup and view all the answers

Which sector relies on the secondary sector for inputs in the form of finished or semi-finished goods?

<p>The tertiary sector (D)</p> Signup and view all the answers

Which of the following best describes the primary function of the tertiary sector in the economy?

<p>Distributing goods and services to consumers and businesses (C)</p> Signup and view all the answers

How do the interdependencies between the primary, secondary, and tertiary sectors create a forward link that propels economic activities?

<p>The primary sector provides raw materials to the secondary sector, which manufactures goods for the tertiary sector to distribute. (D)</p> Signup and view all the answers

How do backward links exist between the sectors, and what is an example of this?

<p>The primary sector provides raw materials to the secondary sector, which then produces machinery required by the primary sector. (A)</p> Signup and view all the answers

How can advancements in the primary sector, such as agricultural technology, affect the secondary and tertiary sectors?

<p>Advancements in agricultural technology (primary sector) can increase food production, affecting food processing (secondary sector) and altering supply chain dynamics in retail (tertiary sector). (D)</p> Signup and view all the answers

What is the main purpose of the secondary sector in an economy?

<p>To manufacture and process raw materials into finished goods (B)</p> Signup and view all the answers

Which of the following is NOT considered a part of the primary sector?

<p>Retail (C)</p> Signup and view all the answers

How does the secondary sector rely on the primary sector?

<p>The secondary sector uses the raw materials and natural resources provided by the primary sector as inputs for its manufacturing processes. (A)</p> Signup and view all the answers

Which statement best describes the relationship between the primary and secondary sectors?

<p>The primary sector provides raw materials to the secondary sector, which then processes those materials into finished goods. (B)</p> Signup and view all the answers

What is a key characteristic of the tertiary sector?

<p>Providing essential services that facilitate everyday life and economic activities (C)</p> Signup and view all the answers

How does the tertiary sector contribute to the overall productivity of an economy?

<p>The tertiary sector offers the financial services and infrastructure that enable the primary and secondary sectors to operate more efficiently. (B)</p> Signup and view all the answers

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