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

What is the output of tertiary activities?

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

What is the primary focus of tertiary activities?

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

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

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

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

<p>Node (D)</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 (D)</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 (A)</p> Signup and view all the answers

What is the factor that influences the demand for transport?

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

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

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

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

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

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

<p>Many (A)</p> Signup and view all the answers

What is the primary focus of services geared towards industry?

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

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

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

Why do workers migrate from rural areas to urban cities?

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

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

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

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

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

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

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

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

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

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

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

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

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

What is the main difference between secondary and tertiary activities?

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

What is the primary function of trade?

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

What are rural marketing centers?

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

What is retail trading?

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

What is the primary function of consumer cooperatives?

<p>To innovate in retail trading (D)</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 (A)</p> Signup and view all the answers

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

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

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

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

What is an example of a quaternary service?

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

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

<p>Digital divide (B)</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 (D)</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 (A)</p> Signup and view all the answers

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

<p>India (B)</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) (D)</p> Signup and view all the answers

What do quaternary activities involve?

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

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

<p>Because of the comparative advantage (A)</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 (D)</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 (D)</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 (A)</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 (A)</p> Signup and view all the answers

What is the main purpose of outsourcing?

<p>To improve efficiency and reduce costs (B)</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 (D)</p> Signup and view all the answers

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

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

What is the main characteristic of quaternary activities?

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

What is the digital divide?

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

Which of the following activities is an example of KPO?

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

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