Economics Chapter 6: Types of Services

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What is the primary characteristic of tertiary activities?

Extraction of natural resources

Provision of services in exchange for payments (correct)

Manufacturing of goods

Production of tangible goods

In which sector of the economy do professionals like doctors, lawyers, and teachers provide their services?

Quaternary sector

Tertiary sector (correct)

Primary sector

Secondary sector

What is the significance of manpower in the service sector?

It is an important component of the service sector (correct)

It is a minor component of the service sector

It is only required in the primary sector

It is only required in the secondary sector

In a developed economy, what is the proportion of workers employed in the tertiary sector?

A majority Signup and view all the answers

What is the output of tertiary activities measured in terms of?

Wages and salaries Signup and view all the answers

What is exchange involved in tertiary activities?

Trade, transport, and communication facilities Signup and view all the answers

What is the primary factor that determines the mode of transport?

Distance in terms of time or cost Signup and view all the answers

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

Node Signup and view all the answers

What is the purpose of isochrone lines on a map?

To show the time taken to reach different places Signup and view all the answers

What is the role of wholesalers in the supply chain?

They buy goods from manufacturers and sell to retailers Signup and view all the answers

What is the impact of population size on transport demand?

It increases the demand for transport Signup and view all the answers

What is the primary function of transport?

To provide a service or facility Signup and view all the answers

What is the result of efficient transportation on communication?

It makes communication easier Signup and view all the answers

What is the role of modern technology in telecommunications?

It speeds up the communication process Signup and view all the answers

What is the purpose of satellite communication?

To relay information of the earth and from space Signup and view all the answers

What is the impact of modern communication systems on the global communication system?

It has revolutionised the communication process Signup and view all the answers

Which of the following activities is not typically considered a quaternary service?

Manufacturing computers Signup and view all the answers

What is a major consequence of outsourcing jobs to other countries?

Dissatisfaction among job seekers in the outsourcing country Signup and view all the answers

What is the primary difference between BPO and KPO?

BPOs have better business opportunities, while KPOs have limited opportunities Signup and view all the answers

What is the main reason for the growth of the service sector in modern economies?

Shift in focus from goods to services Signup and view all the answers

What is the primary purpose of transport and communication services?

To connect businesses and customers Signup and view all the answers

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

Digital divide Signup and view all the answers

What is the main purpose of outsourcing?

To improve efficiency and reduce costs Signup and view all the answers

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

Quaternary Sector Signup and view all the answers

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

Off-shoring Signup and view all the answers

What is the main reason for outsourcing IT-related services to countries like India and China?

To access low-wage skilled staff Signup and view all the answers

What is the term used to describe the uneven distribution of ICT access and benefits across the globe?

Digital Divide Signup and view all the answers

What is the nature of work referred to as 'White Collar'?

Knowledge-based work Signup and view all the answers

What is the term used to describe the activities that involve high degrees and level of innovations?

Quinary activities Signup and view all the answers

What is the main characteristic of Quaternary activities?

They are not localised by market Signup and view all the answers

What is the sector that provides most of the employment in Delhi, Mumbai, Chennai, and Kolkata?

Quaternary Sector Signup and view all the answers

What is the main function of Knowledge Process Outsourcing (KPO)?

To create additional business opportunities Signup and view all the answers

What is a common characteristic of landscapes that attract tourists?

They have been untouched by human activities Signup and view all the answers

What is the primary reason why tourists visit ancient or picturesque towns and archaeological sites?

To explore historical and artistic attractions Signup and view all the answers

What is a common feature of medical tourism in countries like India and Thailand?

Medical services at a cheap cost Signup and view all the answers

What is the main benefit of outsourcing medical tests and data interpretation?

Improving the quality of medical services Signup and view all the answers

What is the primary characteristic of quaternary activities?

They centre around research, development and specialised knowledge Signup and view all the answers

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

Quinary professionals Signup and view all the answers

What is the main difference between knowledge processing outsourcing (KPO) and Business Process Outsourcing (BPO)?

KPO involves highly skilled workers, while BPO involves low-skilled workers Signup and view all the answers

What is the term used to describe the trend of outsourcing medical services to countries like India and Switzerland?

Outsourcing Signup and view all the answers

What is the primary reason why countries like India and China are attracting outsourcing businesses?

They offer cheap and skilled workers Signup and view all the answers

What is the term used to describe the trend of combining medical treatment with international tourism activity?

Medical tourism Signup and view all the answers

What is the primary characteristic of low-order services?

They are more widespread and common than high-order services. Signup and view all the answers

What is the primary reason for the location of recreational and entertainment services in or near the Central Business District (CBD)?

To serve the working population and tourists in the area. Signup and view all the answers

What is the trend in employment in the tertiary sector in more developed countries?

It has been increasing while the primary and secondary sectors have been decreasing. Signup and view all the answers

What is the main purpose of tourism?

To engage in recreational activities and experience different cultures. Signup and view all the answers

What is the main reason for the popularity of tourism in Southern Europe and the Mediterranean lands?

The consistent warm and sunny weather throughout the year. Signup and view all the answers

What is the primary characteristic of professional services?

They are primarily concerned with mental labor and include services such as health care and engineering. Signup and view all the answers

What is the main purpose of regulating services?

To supervise and control the marketing of services such as transport and telecommunication. Signup and view all the answers

What is the primary characteristic of personal services?

They are provided to facilitate the daily lives of people. Signup and view all the answers

What is the main reason for the growth of infrastructure industries in tourist regions?

The growth of tourism and the demand for services such as accommodation and transport. Signup and view all the answers

What is the primary characteristic of high-order services?

They are highly specialized and cater to a specific niche. Signup and view all the answers

What is the primary characteristic that distinguishes tertiary activities from secondary activities?

Specialised skills, experience and knowledge of the workers Signup and view all the answers

What is the main purpose of trade in tertiary activities?

To buying and selling of items produced elsewhere Signup and view all the answers

What type of tertiary activity involves the sale of goods directly to the consumers?

Retail trading Signup and view all the answers

What is the primary function of rural marketing centres?

To serve as trading centres of the most rudimentary type Signup and view all the answers

What is the characteristic of periodic markets in rural areas?

They are held on specified dates and move from one place to another Signup and view all the answers

What is the primary advantage of chain stores in retail trading?

They are able to purchase merchandise most economically Signup and view all the answers

What is the primary difference between urban and rural marketing centres?

Urban centres provide more widely specialised urban services Signup and view all the answers

What is the primary characteristic of tertiary activities?

They do not involve the production of physical goods Signup and view all the answers

What is the primary function of trading centres or collection and distribution points?

To make available goods and services Signup and view all the answers

Economics Chapter 6: Types of Services

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Questions and Answers

What is the primary characteristic of tertiary activities?

In which sector of the economy do professionals like doctors, lawyers, and teachers provide their services?

What is the significance of manpower in the service sector?

In a developed economy, what is the proportion of workers employed in the tertiary sector?

What is the output of tertiary activities measured in terms of?

What is exchange involved in tertiary activities?

What is the primary factor that determines the mode of transport?

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

What is the purpose of isochrone lines on a map?

What is the role of wholesalers in the supply chain?

What is the impact of population size on transport demand?

What is the primary function of transport?

What is the result of efficient transportation on communication?

What is the role of modern technology in telecommunications?

What is the purpose of satellite communication?

What is the impact of modern communication systems on the global communication system?

Which of the following activities is not typically considered a quaternary service?

What is a major consequence of outsourcing jobs to other countries?

What is the primary difference between BPO and KPO?

What is the main reason for the growth of the service sector in modern economies?

What is the primary purpose of transport and communication services?

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

What is the main purpose of outsourcing?

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

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

What is the main reason for outsourcing IT-related services to countries like India and China?

What is the term used to describe the uneven distribution of ICT access and benefits across the globe?

What is the nature of work referred to as 'White Collar'?

What is the term used to describe the activities that involve high degrees and level of innovations?

What is the main characteristic of Quaternary activities?

What is the sector that provides most of the employment in Delhi, Mumbai, Chennai, and Kolkata?

What is the main function of Knowledge Process Outsourcing (KPO)?

What is a common characteristic of landscapes that attract tourists?

What is the primary reason why tourists visit ancient or picturesque towns and archaeological sites?

What is a common feature of medical tourism in countries like India and Thailand?

What is the main benefit of outsourcing medical tests and data interpretation?

What is the primary characteristic of quaternary activities?

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

What is the main difference between knowledge processing outsourcing (KPO) and Business Process Outsourcing (BPO)?

What is the term used to describe the trend of outsourcing medical services to countries like India and Switzerland?

What is the primary reason why countries like India and China are attracting outsourcing businesses?

What is the term used to describe the trend of combining medical treatment with international tourism activity?

What is the primary characteristic of low-order services?

What is the primary reason for the location of recreational and entertainment services in or near the Central Business District (CBD)?

What is the trend in employment in the tertiary sector in more developed countries?

What is the main purpose of tourism?

What is the main reason for the popularity of tourism in Southern Europe and the Mediterranean lands?

What is the primary characteristic of professional services?

What is the main purpose of regulating services?

What is the primary characteristic of personal services?

What is the main reason for the growth of infrastructure industries in tourist regions?

What is the primary characteristic of high-order services?

What is the primary characteristic that distinguishes tertiary activities from secondary activities?

What is the main purpose of trade in tertiary activities?

What type of tertiary activity involves the sale of goods directly to the consumers?

What is the primary function of rural marketing centres?

What is the characteristic of periodic markets in rural areas?

What is the primary advantage of chain stores in retail trading?

What is the primary difference between urban and rural marketing centres?

What is the primary characteristic of tertiary activities?

What is the primary function of trading centres or collection and distribution points?

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