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Economics Chapter 6: Types of Services
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Economics Chapter 6: Types of Services

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Questions and Answers

What is the primary characteristic of tertiary activities?

  • Communication through digital media
  • Production of tangible goods
  • Trade and transport of goods
  • Provision of services in exchange for payment (correct)

    • What type of skills are required in the service sector?

  • Neither theoretical knowledge nor practical training
  • Both theoretical knowledge and practical training (correct)
  • Theoretical knowledge
  • Practical training

    • What proportion of workers are employed in the tertiary sector in a developed economy?

  • Almost all
  • A small proportion
  • The majority (correct)
  • A moderate proportion

    • What does the exchange component of tertiary activities involve?

    <p>Trade, transport, and communication facilities</p> Signup and view all the answers

    What is the output of tertiary activities?

    <p>Intangible services</p> Signup and view all the answers

    What is the primary focus of tertiary activities?

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

    What is the primary factor in selecting the mode of transport?

    <p>Distance in terms of cost</p> Signup and view all the answers

    What is the term for the meeting point of two or more routes?

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

    What is the primary function of wholesalers in the retail industry?

    <p>To extend credit to retail stores</p> Signup and view all the answers

    What is the term for the physical carrying of people, materials, and manufactured goods from one location to another?

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

    What is the factor that influences the demand for transport?

    <p>Size of population</p> Signup and view all the answers

    What is the term for the transmission of words and messages, facts and ideas?

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

    What is the result of the invention of writing in terms of communication?

    <p>It made communication dependent on means of transport</p> Signup and view all the answers

    What is the term for the use of electronic means to send messages?

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

    What is the term for the physical carrying of mail and other items from one location to another?

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

    What is the term for the levels at which services occur?

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

    What is the primary focus of services geared towards industry?

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

    Which type of services are provided to individual consumers who can afford to pay?

    <p>Low-order services</p> Signup and view all the answers

    What type of labour do gardeners, launderers, and barbers perform?

    <p>Physical labour</p> Signup and view all the answers

    Which services are often supervised or performed by governments or companies?

    <p>Making and maintaining highways and bridges</p> Signup and view all the answers

    Why do workers migrate from rural areas to urban cities?

    <p>In search of employment</p> Signup and view all the answers

    What is the primary focus of the dabbawala service in Mumbai?

    <p>Delivering lunch to office workers</p> Signup and view all the answers

    What is the world's single largest tertiary activity in total registered jobs?

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

    What is a common characteristic of tourist regions around the Mediterranean Coast?

    <p>Warm and sunny weather</p> Signup and view all the answers

    What is a key factor in the growth of tourism in certain regions?

    <p>Favourable weather conditions</p> Signup and view all the answers

    What type of services are provided by people employed in domestic services?

    <p>Personal services</p> Signup and view all the answers

    Which type of activities are not directly involved in processing physical raw materials?

    <p>Tertiary activities</p> Signup and view all the answers

    What is the main difference between secondary and tertiary activities?

    <p>The level of specialization required</p> Signup and view all the answers

    What is the primary function of trade?

    <p>To buy and sell goods and services</p> Signup and view all the answers

    What are rural marketing centers?

    <p>Local centers that cater to nearby settlements</p> Signup and view all the answers

    What is the purpose of periodic markets in rural areas?

    <p>To meet the temporally accumulated demand of rural folk</p> Signup and view all the answers

    What is retail trading?

    <p>The business of selling goods directly to consumers</p> Signup and view all the answers

    What is the primary function of departmental stores?

    <p>To provide a wide range of goods and services to consumers</p> Signup and view all the answers

    What is the advantage of chain stores?

    <p>They can direct the manufacturing of goods to their specification</p> Signup and view all the answers

    What is the primary function of consumer cooperatives?

    <p>To innovate in retail trading</p> Signup and view all the answers

    What is the main difference between urban and rural marketing centers?

    <p>The level of specialization of services</p> Signup and view all the answers

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

    <p>University teaching</p> Signup and view all the answers

    What is a benefit of outsourcing, according to the text?

    <p>Reducing costs and increasing efficiency</p> Signup and view all the answers

    What is NOT true about outsourcing, according to the text?

    <p>BPOs have better business opportunities as compared to KPOs</p> Signup and view all the answers

    What is an example of a quaternary service?

    <p>Medical tourism</p> Signup and view all the answers

    What is the term for the gap in access to technology and information?

    <p>Digital divide</p> Signup and view all the answers

    What is the significance of transport and communication services in modern economic development?

    <p>They enable the exchange of goods and services</p> Signup and view all the answers

    What type of tourists are attracted to regions that provide for their needs at a cheap cost?

    <p>Budget tourists</p> Signup and view all the answers

    Which country has emerged as the leading country of medical tourism in the world?

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

    What is the trend of outsourcing medical tests and data interpretation known as?

    <p>Knowledge processing outsourcing (KPO)</p> Signup and view all the answers

    What do quaternary activities involve?

    <p>The collection, production and dissemination of information</p> Signup and view all the answers

    What is the term used to describe the highest level of decision makers or policy makers?

    <p>Quinary activities</p> Signup and view all the answers

    Why do companies outsource jobs to countries like India and China?

    <p>Because of the comparative advantage</p> Signup and view all the answers

    What is the term used to describe the combination of medical treatment and international tourism activity?

    <p>Medical tourism</p> Signup and view all the answers

    What is the main reason for the growth of medical tourism in India?

    <p>The availability of world-class hospitals</p> Signup and view all the answers

    What is the benefit of outsourcing medical services for patients?

    <p>It focuses on improving quality or providing specialized care</p> Signup and view all the answers

    What is the term used to describe the alternative to outsourcing, where jobs are outsourced to domestic locations?

    <p>Home shoring</p> Signup and view all the answers

    What is the main purpose of outsourcing?

    <p>To improve efficiency and reduce costs</p> Signup and view all the answers

    Which sector has replaced most of the primary and secondary employment as the basis for economic growth?

    <p>Quaternary sector</p> Signup and view all the answers

    What is the term used to describe the transfer of work to overseas locations?

    <p>Off-shoring</p> Signup and view all the answers

    What is the main characteristic of quaternary activities?

    <p>Not tied to resources and can be outsourced</p> Signup and view all the answers

    What is the digital divide?

    <p>The difference in access to ICT between developed and developing countries</p> Signup and view all the answers

    What is the main advantage of outsourcing data processing to countries like India or China?

    <p>Lower wages for IT professionals</p> Signup and view all the answers

    What is the main reason why certain areas in large countries possess better connectivity and access to the digital world?

    <p>Economic differences</p> Signup and view all the answers

    What is the main characteristic of jobs in the quaternary sector?

    <p>Require high skills and high innovation</p> Signup and view all the answers

    What is the term used to describe the knowledge-based activities in the tertiary sector?

    <p>Knowledge Sector</p> Signup and view all the answers

    Which of the following activities is an example of KPO?

    <p>Intellectual property research</p> Signup and view all the answers

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