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Economic Sectors

Economic sectors categorize the activities of production, consumption, and trade within an economy. They are divided into three primary sectors: the primary sector focuses on extracting raw materials, the secondary sector involves transforming those materials into manufactured goods, and the tertiary sector provides services instead of goods. Understanding these sectors is crucial for analyzing how different economies function and evolve over time, especially in response to historical revolutions like the agrarian and industrial revolutions.

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Practice Questions

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1

Which of the following sectors primarily involves the cultivation of crops and raising of livestock?

Agriculture is all about growing plants and taking care of animals. Other options are incorrect because Some might think industry is about farming; Pe...

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2

In the context of economic sectors, which of the following statements best illustrates the role of the secondary sector in contributing to the overall value added in an economy?

The secondary sector is all about making things. Other options are incorrect because This answer confuses the secondary sector with the primary sector...

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3

Which of the following statements best describes the relationship between the manufacturing industry and industrialization?

Industrialization changes how economies work. Other options are incorrect because Some might think that as economies modernize, manufacturing becomes ...

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4

Which of the following best describes the role of the secondary sector in the context of industrialization and the manufacturing industry?

The secondary sector takes raw materials and changes them into products we can use. Other options are incorrect because This answer confuses the secon...

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5

How has globalization affected the value added by the primary sector in developing economies compared to developed economies?

Globalization helps developing economies sell their goods to more people around the world. Other options are incorrect because Some might think that g...

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6

Which of the following is considered part of the primary sector of the economy?

Fishing is part of the primary sector because it involves taking natural resources from the environment. Other options are incorrect because Many migh...

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7

Which of the following is a primary activity of the secondary sector in the economy?

The secondary sector is all about making things. Other options are incorrect because Growing crops is part of the primary sector; Mining coal is also ...

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8

Which of the following is an example of the tertiary sector in the economy?

Retail services are part of the tertiary sector. Other options are incorrect because Some might think agriculture is a service, but it is actually abo...

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9

Arrange the economic sectors in the sequence of their development and transformation during economic evolution.

The correct order shows how economies grow. Other options are incorrect because This option suggests that services come before gathering resources; Th...

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10

Which of the following scenarios best illustrates an activity in the secondary sector of the economy?

The secondary sector makes things. Other options are incorrect because Some might think farming is part of making things; Teaching might seem like cre...

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11

How do the three economic sectors interact to drive economic growth in an economy?

The primary sector gets raw materials from nature. Other options are incorrect because This answer suggests that services make money for the primary s...

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12

What is the primary reason for the growth of the tertiary sector in an economy?

As people earn more money, they want more services. Other options are incorrect because Some might think that fewer raw materials leads to more servic...

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13

A local community is experiencing growth in its agricultural production, leading to an increase in raw materials available for processing. How would you categorize the role of this community's economic activities within the three primary economic sectors?

This community is part of the primary sector. Other options are incorrect because Some might think this community is in the secondary sector, which is...

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14

The economic sector that primarily focuses on providing services rather than goods is known as the ________ sector.

The tertiary sector is all about services. Other options are incorrect because The secondary sector makes things; The primary sector focuses on natura...

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15

Which of the following statements correctly describe the primary, secondary, and tertiary sectors of the economy? Select all that apply.

Each option describes the sectors incorrectly. Other options are incorrect because This option confuses the primary sector with the secondary sector; ...

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16

Which economic sector primarily deals with the extraction of natural resources?

The primary sector focuses on getting raw materials from nature. Other options are incorrect because This sector is about making things from raw mater...

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17

Primary sector : Raw materials :: Tertiary sector : ?

The tertiary sector focuses on providing services to people. Other options are incorrect because Some might think services are the same as manufacture...

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