Chapter 6: Economics Trivia Quiz!

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1. Since 1969, the number of financial services companies in the top 20 of the Fortune list of largest U.S. corporations has increased.
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Chapter 6: Economics Trivia Quiz! - Quiz

This is an economics trivia that gives the learner an opportunity to review what they learned in chapter 6 this past classes. Understanding economics gives someone the opportunity to understand some trends that occur in the environment and how to predict such a trend to ensure the economic environment isn’t... see morethat affected. Press start and see how informed you are. All the best! see less

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2. According to the least-cost location theory, a firm for which the cost to transport raw materials is high is most likely to locate:
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3. Tertiary activities comprise a large and growing segment of the labor force in the United States today.
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4. The regional multiplier is:
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5. Which of the following was not one of the keys to wealth creation in the industrial economy?
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6. The largest U.S. corporation, in terms of both revenues and employment, is:
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7. In comparison to preindustrial times, which of the following sectors of the economy is smaller than it used to be?
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8. Cost savings resulting from the production of larger quantities of a product are called:
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9. The unseen costs of doing business, that is, of gaining information, making contracts, finding suppliers, learning about and meeting regulations, etc., are known as:
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10. An example of a market-oriented manufacturing industry is:
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11. What kind of economies are achieved when an area develops a specialization in a certain industry?
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12. Which of the following is not an outcome of the "Wal-Mart Effect" as identified in the case studies?
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13. Basic industries are industries that produce goods or services that are sold mostly to people/firms outside of the region.
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14. Break-of-bulk locations are areas that produce raw materials.
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15. A high-value, information-based service is a:
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Since 1969, the number of financial services companies in the top 20...
According to the least-cost location theory, a firm for which the cost...
Tertiary activities comprise a large and growing segment of the labor...
The regional multiplier is:
Which of the following was not one of the keys to wealth creation in...
The largest U.S. corporation, in terms of both revenues and...
In comparison to preindustrial times, which of the following sectors...
Cost savings resulting from the production of larger quantities of a...
The unseen costs of doing business, that is, of gaining information,...
An example of a market-oriented manufacturing industry is:
What kind of economies are achieved when an area develops a...
Which of the following is not an outcome of the "Wal-Mart...
Basic industries are industries that produce goods or services that...
Break-of-bulk locations are areas that produce raw materials.
A high-value, information-based service is a:
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