Chapter 13 The Value of Work Worksheet
05/11/2024Chapter 14 Economic Activities Around Us Worksheet
05/11/2024Multiple Choice Questions
1. Which of the following is an example of an economic activity?
a) Cooking dinner for the family
b) Teaching a neighborhood child for free
c) Selling vegetables in the market
d) Cleaning the park voluntarily
Ans: c) Selling vegetables in the market
2. What is the primary difference between economic and non-economic activities?
a) Economic activities involve money, non-economic activities do not.
b) Non-economic activities involve money, economic activities do not.
c) Both involve money.
d) Neither involves money.
Ans: a) Economic activities involve money, non-economic activities do not.
3. Which of the following is NOT a primary sector activity?
a) Farming
b) Mining
c) Banking
d) Fishing
Ans: c) Banking
4. What sector does manufacturing belong to?
a) Primary
b) Secondary
c) Tertiary
d) Quaternary
Ans: b) Secondary
5. An activity done out of love and care without monetary compensation is called:
a) Economic activity
b) Non-economic activity
c) Primary activity
d) Secondary activity
Ans: b) Non-economic activity
Fill in the Blanks
1. Economic activities are those that involve __________ or are performed in exchange for money.
Ans: money
2. Non-economic activities are done out of feelings like __________, love, care, and respect.
Ans: gratitude
3. A __________ is a place where people engage in the exchange of goods and services.
Ans: market
4. A payment made by an employer to a worker for a specific period of time is called a __________.
Ans: wage
5. Services that make our lives easier, such as transportation and banking, are part of the __________ sector.
Ans: tertiary
True/False
1. Economic activities do not generate income or wealth.
Ans: False
2. Non-economic activities include volunteering and helping family members without expecting money.
Ans: True
3. Manufacturing goods from raw materials is a primary sector activity.
Ans: False
4. Selling goods in the market is considered an economic activity.
Ans: True
5. The tertiary sector includes activities like farming and mining.
Ans: False
Match the Columns
Ans:
- Selling school bags – Economic
- Teaching children for free – Non-economic
- Cultivating grains – Primary
- Manufacturing furniture – Secondary
- Providing banking services – Tertiary