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</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</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.</p> Signup and view all the answers

    Why is understanding the interdependence between sectors crucial?

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

    What is a primary function of the tertiary sector?

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

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

    <p>Manufacturing</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</p> Signup and view all the answers

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

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

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

    <p>Retail</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</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</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</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</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</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</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</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</p> Signup and view all the answers

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

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

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

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

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

    <p>Retail</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.</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.</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</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.</p> Signup and view all the answers

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