Lecture 1 - Economic Structure

Question 1

economic activities involving the processing of commodities (raw materials)

Answer 1

production activities

Question 2

economic activities involving the transport (i.e. changing the location of products) + trade (i.e. changing the ownership of products) of products

Answer 2

Distribution activities

Question 3

economic activities involving the final and direct use of products (i.e. the purchase and use of goods/services by consumers)

Answer 3

consumption activities

Question 4

economic activities undertaken with formal systems of regulation or remuneration

Answer 4

formal sector

Question 5

economic activities undertaken without any formal systems of regulation or remuneration (i.e. undeclared income from legal/illegal activities)

Answer 5

informal sector

Question 6

economic activities involving the extraction or harvesting natural resources

Answer 6

primary activities

Question 7

economic activities involving the processing and transforming of raw materials (using inputs from primary activities) and the fabricating and assembling of manufactured goods (using inputs from secondary activities)

Answer 7

secondary activities

Question 8

economic activities involving the sale and exchange of goods and services

Answer 8

tertiary activities

Question 9

economic activities involving the creation, processing and transmitting of knowledge and information

Answer 9

quaternary activities

Question 10

economic activities involving administration and management

Answer 10

quinary activities

Question 11

changes in the economic structure of a place resulting from economic and technological changes

Answer 11

economic restructuring

Question 12

the loss of comparative advantage in industrial manufacturing

Answer 12

deindustrialization

Question 13

Name the employment sector!
primary

Answer 13

extractive

Question 14

Name the employment sector!
secondary

Answer 14

manufacturing

Question 15

Name the employment sector!
tertiary

Answer 15

service

Question 16

Name the employment sector!
quaternary

Answer 16

information

Question 17

Name the employment sector!
quinary

Answer 17

managerial

Question 18

Name the employment sector!
informal *

Answer 18

unconventional

Question 19

Name the Economic Activity from the Employment Sector!
Extractive

Answer 19

primary

Question 20

Name the Economic Activity from the Employment Sector!
Manufacturing

Answer 20

Secondary

Question 21

Name the Economic Activity from the Employment Sector!
Service

Answer 21

Tertiary

Question 22

Name the Economic Activity from the Employment Sector!
Information

Answer 22

Quarternary

Question 23

Name the Economic Activity from the Employment Sector!
managerial

Answer 23

Quinary

Question 24

Name the Economic Activity from the Employment Sector!
unconventional …

Answer 24

informal

Question 25

Name the Economic Activity from the occupation:
hunting

Answer 25

primary (extractive)

Question 26

Name the Economic Activity from the occupation:
fishing

Answer 26

primary (extractive)

Question 27

Name the Economic Activity from the occupation:
manufacturing cars

Answer 27

secondary (manufacturing)

Question 28

Name the Economic Activity from the occupation:
healthcare and education

Answer 28

tertiary (service)

Question 29

Name the Economic Activity from the occupation:
Research and Development

Answer 29

Quaternary (information)

Question 30

Name the Economic Activity from the occupation:
Administrators, Planners, Executives

Answer 30

Quinary (managerial)

Question 31

Name the Economic Activity from the occupation:
causal/seasonal work and undeclared income sources

Answer 31

informal (unconventional)