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Unit3 Answers (

The document covers key concepts in economics, including the three main sectors of economic activities: primary, secondary, and tertiary. It explains the distinction between microeconomics and macroeconomics, and provides definitions and examples related to economic activities. Additionally, it includes multiple-choice questions and activities aimed at reinforcing understanding of economic principles.

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32 views2 pages

Unit3 Answers (

The document covers key concepts in economics, including the three main sectors of economic activities: primary, secondary, and tertiary. It explains the distinction between microeconomics and macroeconomics, and provides definitions and examples related to economic activities. Additionally, it includes multiple-choice questions and activities aimed at reinforcing understanding of economic principles.

Uploaded by

Karima Kaous
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Unit : 03 Answers

Lesson 01
Activity01: comprehension question
1-What are 3 main sectors in the economic activities?
Primary Sector /Secondary Sector/Tertiary Sector
2- What are two types of economics?
- Two major types of economics are microeconomics, which focuses on the behaviour of
individual consumers and producers, and macroeconomics, which examine overall economies
on a regional, national, or international scale

3- Based on the definitions in the text, provide a comprehensive definition of economics?


economics is the science that studies the best and optimal utilization of the available productive
resources to satisfy the greatest extent of human needs.

Activity02: Solved Example on Economic Activity

Q: _____ is the economic activity that comprises the transformation of raw materials into goods
and services

a. Industry
b. Economy
c. production
d. None of the above
Q: _____ is the economic activity that comprises the satisfaction of desires and needs.

a. disribution
b. Consumption
c. Economy
d. None of the above

Activity03: complete the table below

sector Definition examples


The production of raw Agriculture, fishing, mining
Primary sector
materials and forestry..........................
Furniture, clothing,
manufacturing of
The production of finished
Secondary sector technologie, fast moving
products
consumer
goods..........................
Lesson: 02

Activity01: Multiple Choices:


1-Alternative uses of resources gives rise to the _________ between different commodities that can be
produced by those resources.
A.problem of inequality B.problem of choice.
C.social problem D-none of the above.
2- What is meant by 'labour' in economics?
A.Hard physical work used to produce manufactured goods .
B.Human mental and physical effort used for producing goods and services
C.Natural resources used in the productive process
D.Risk taking and organising the factors of production
3- Why will scarcity continue to be a problem in the future?
A.Prices will rise B.Resources will always be finite.
C.Needs will decrease in the future . D.World population will fall

4-Organizing land, labour and capital (factors of production), in the production of goods or services
is called
A.Entrepreneurship B.Mixed Economy
C.Profit D.Planned Economy

5- Which basic economic question addresses the issue of using finite resources with productive
efficiency?
A.What to produce? B.How to produce?
C.When to produce? D.For whom to produce?

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