Secondary economic sector - Study guides, Class 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 ...

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...

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...

Primary sector Sector of an economy which covers the extraction of raw materials, such as precious metals, wheat and coal. Benefits of FDI Capital inflows create higher output and jobs. Capital inflows can help finance a current account deficit. Long term capital inflows are more sustainable than short term portfolio inflows. e.g. in a credit crunch, banks can easily withdraw portfolio investment, but capital investment is less prone to sudden withdrawals. Recipient country can benef...

WGU D199 Question and answers already passed WGU D199- Geography Study Gerrymandering - correct answer The manipulation of electoral district boundaries to favor a particular political party or group Physical geography - correct answer is the study of the earth and all of its components: its lands, waters, atmosphere, and interior. Human geography - correct answer studies how economics, politics, society and cultures, urban and rural systems, and more are organized across the Ear...

Human Resource Management correct answers - Managing people in organizations to drive successful organizational performance and achievement of organization's strategic goals - Managing human capital: Knowledge, education, training, skills, expertise HRM Responsibilities: Operational correct answers These services include: - Analyzing jobs - Planning future workforce requirements - Selecting employees - Orienting and training employees - Managing compensation and reward plans - Commun...

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 ...

OMIS 450 Exam 1 Questions With 100% Verified Answers Why was there a surge of interest in service operations. - answer• Quality Movement • Significant role in economic life definition of services - answerEconomic activity that produces time, place, form or psychological utilities. definition of services - answerAll economic activities whose output is not tangible definition of services - answerTime-perishable, intangible experience performed for a customer acting in the role of a co-...

ECONOMIC GEOGRAPHY OF SOUTH AFRICA A circular will be distributed with the annual themes at mid-year of the preceding year Structure of the Economy • economic sectors (primary, secondary, tertiary and quaternary) • contribution of various economic sectors to the South African economy • use of current statistical and graphical information Agriculture • contribution of agriculture to the South African economy • the role of small-scale farmers and large-scale farmers • main...

Need - Answer A good or service that is essential for people's living Want - Answer A good or service which people want to have, not essential Economic problem - Answer When wants exceed the resource available to make scarcity Scarcity - Answer when there are unlimited wants but limited resources Factors of Production (4) - Answer Land, labor, capital, enterprise Opportunity cost - Answer The next best alternative choice given up as another was chosen Specializatio...