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Questions and Answers
Which sector of the economy involves the collection or extraction of raw materials from the Earth?
Which sector of the economy involves the collection or extraction of raw materials from the Earth?
- Primary sector (correct)
- Secondary sector
- Tertiary sector
- None of the above
Under the mercantile system, how were colonies expected to operate their economies?
Under the mercantile system, how were colonies expected to operate their economies?
- Colonies could operate their own economies but could not trade with other countries.
- Colonies could operate their own economies and trade with the mother country, but not with other countries.
- Colonies could operate their own economies and trade freely with other countries.
- Colonies could not operate their own economies and could not compete with the mother country. (correct)
What is the term used to describe the manner in which land was held under colonialism?
What is the term used to describe the manner in which land was held under colonialism?
- Concession companies
- Land tenure (correct)
- Mercantile system
- Economic development
Which economic sector involves turning raw materials or resources into finished products for people to buy?
Which economic sector involves turning raw materials or resources into finished products for people to buy?
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What is the term used to describe the pattern globalized countries have followed as their economies advance?
What is the term used to describe the pattern globalized countries have followed as their economies advance?
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What is the term used to describe the economic system of trade in which colonies were considered to exist for the benefit of the mother countries?
What is the term used to describe the economic system of trade in which colonies were considered to exist for the benefit of the mother countries?
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