Secondary sector - Study guides, Study notes & Summaries

Since the 1950s, and especially in the decades of the 1970s, 1980s, and 1990s, many Americans left the more populated _____ part of the country and headed for the _____, an amorphous term that encompasses the South, Texas, the Southwest, California, some parts of the Intermountain West, and even places like Portland (Oregon) and Seattle. correct answers northeastern/ sunbelt The Arroyo Seco Parkway, now called the _____ freeway, was the first of many freeways built in the _____ area. correct ...

A Need - Answer A good or service essential for living. A want - Answer A good or service that people would like to have, but which is not essential for living. Economic problem - Answer Unlimited wants but limited resources - this creates scarcity. Scarcity - Answer Lack of sufficient products to satisfy total wants of population. Opportunity Costs - Answer The next best item given up by choosing another. Factors of production - Answer Resources needed to produce good...

2 OCR 2023 Section A Put a tick () in the box next to the one correct answer for each question. 1 Enterprise is: (a) a capital resource (b) a factor of production (c) a measure of profitability (d) a reward for taking risks [1] 2 What is an example of ‘below the line’ promotion? (a) A marketing campaign on television (b) A poster on a billboard (c) An advertisement in a local newspaper (d) An exhibition at a trade fair [1] 3 A merger between two soap manufacturers has led to ...

2 OCR 2023 Section A Put a tick () in the box next to the one correct answer for each question. 1 Enterprise is: (a) a capital resource (b) a factor of production (c) a measure of profitability (d) a reward for taking risks [1] 2 What is an example of ‘below the line’ promotion? (a) A marketing campaign on television (b) A poster on a billboard (c) An advertisement in a local newspaper (d) An exhibition at a trade fair [1] 3 A merger between two soap manufacturers has led to ...

2 OCR 2023 Section A Put a tick () in the box next to the one correct answer for each question. 1 Enterprise is: (a) a capital resource (b) a factor of production (c) a measure of profitability (d) a reward for taking risks [1] 2 What is an example of ‘below the line’ promotion? (a) A marketing campaign on television (b) A poster on a billboard (c) An advertisement in a local newspaper (d) An exhibition at a trade fair [1] 3 A merger between two soap manufacturers has led to ...

consumer goods - physical and tangible items that can only be used once. both durable and indurable durable goods - goods that last for a relatively long time, such as houses, cars, and appliances non-durable goods - goods that last a short period of time, such as clothing, foods, drinks and candy consumer services - emotional items/services that are non-tangible and sold to the public ex.) hotel accommodations, insurance and travel services. capital goods - physical goods that are used b...

Tangible - Accurate Answers An item or product which you are able to touch, feel and, importantly, measure Intangible - Accurate Answers Something you cannot physically see or touch Strategic - Accurate Answers High level planning, including setting direction and long-term goals Inventory - Accurate Answers Components, raw materials, work in progress, finished goods and suppliers required for the creation of goods and services for the customer. It can also refer to the number of units a...

2 OCR 2023 Section A Put a tick () in the box next to the one correct answer for each question. 1 Enterprise is: (a) a capital resource (b) a factor of production (c) a measure of profitability (d) a reward for taking risks [1] 2 What is an example of ‘below the line’ promotion? (a) A marketing campaign on television (b) A poster on a billboard (c) An advertisement in a local newspaper (d) An exhibition at a trade fair [1] 3 A merger between two soap manufacturers has led to ...

Aid to Navigation : any device external to a vessel that is intended to assist a navigator to determine position or safe course, or to warn of dangers and obstructions to navigation Daybeacons : stationary visual navigational aids, unlighted Daymarks : fixed structures that mark hazards or channels, may have fog signal that sounds during low visibility Major Light : high-intensity and reliable light exhibited from a fixed structure or marine site Primary Major Light : major light es...

what is the basic economic problem correct answers how to allocate resources to satisfy unlimited needs and wants (scarcity) what is the chain of production correct answers describes how businesses from the primary, secondary and tertiary sectors work interdependently to make a product and sell it to the final customer what are Economic Agents correct answers households (private individuals in society), firms that operate in the private sector of an economy and the government (the public ...