Extraction of raw materials occurs in which sector of the economy ?

Related Mcqs:

1. For equilibrium in an open four sector economy ?

   A. Actual injections = actual withdrawals
   B. Planned injections = planned withdrawals
   C. Savings = investment
   D. Government spending = tax revenue

2. Assuming there is no government or foreign sector, if the multiplier is 2.5 the MPC is ?

   A. 4
   B. 25
   C. 6
   D. 2.5

3. Companies in the private sector are owned by ?

   A. The government
   B. Shareholders
   C. Employees
   D. The community

4. Assuming there is no government or foreign sector, if the MPC is 8 the multiplier is ?

   A. 5
   B. 8
   C. 2
   D. 1.25

5. Assuming there is no government or foreign sector the formula for the multiplier is ?

   A. 1/MPS
   B. 1/(1+ MPC)
   C. 1 – MPC
   D. 1/MPC

6. What is meant by the public sector ?

   A. The goals of the society
   B. Economic activities in which the government engages for the public good
   C. Economic activities in which self-interest makes for personal affluence
   D. Economic activities open to the public

7. The shift toward tertiary sector jobs has_______________?

   A. reduced the need for unskilled or semi-skilled workers
   B. eliminated hardcore unemployment
   C. established a general trend toward the professionalization of everyone
   D. All of these

8. Which of the following is NOT within the secondary economic sector ?

   A. Home construction
   B. Oil drilling
   C. Salmon canning
   D. All of these

9. An accountant is part of which sector ?

   A. primary
   B. secondary
   C. Tertiary
   D. Quaternary

10. When supply and demand are essentially equal the economy is said to be in________________?

    A. a recession
    B. equilibrium
    C. equivalence
    D. abeyance