Economic Sectors
Vocabulary Words
Economic Systems
Economics and The Environment
Image Analysis
100
Name a job that you can find in the primary sector.
Ranching, Logging, Farming, Mining
100
Define scarcity
Shortage of resources
100
What are the 4 economic systems we learned in class?
Traditionalist, Capitalist, Socialist, and Communist
100
What is one example that helped advance humans in economics ? (allow us to make more money)
Railroads, boats/ships, cargo planes, shipment containers
Modern farming techniques, irrigation systems
Internet, cell phones, A.I.
100
What is happening in the image above?
Deforestation
200
A waiter is job that can be found in which sector?
Tertiary
200
Define sustainability
The ability to support the needs of people now without causing issues for the future
200
A socialist economy often has free ______ ______
Health care
200
What positive effects happened with the production of railroads?
Developed jobs
Transported goods efficiently
200
The image above is an example of__________
Inflation
300
A construction worker takes wood and builds a house.
The construction worker is in which sector?
Secondary
300
The act of growing crops and raising animals for food, clothing, and other products.
Agriculture
300
In which economic system are you able to have economic growth and continue to make money as long as you work hard
Capitalism
300
How does the internet and global communication create work and businesses?
Through online business and remote work.
Ability to buy, sell and trade products globally through online workplaces.
300
The image above is showing what?
Irrigation system
400
Primary and secondary sectors work with _________
While tertiary and quaternary escorts work with __________
Good and services
400
The amount of goods and resource the average person has access to.
Standard of living
400
The Cold War was between which two countries? And what were each country's economic system?
United States - Capitalism
Russia - Communism
400
We learned that A.I. uses water from the communities.
How and why does A.I use water?
Data centers often overheat when using A.I. because of how much information is being processed as such a high rate. In order to cool these data centers down, workers have found he using water works best.
400
Which economic system is being represented in the image above?
Capitalist
500
A team of cancer researchers have recently found a new medicine to help fight off cancer cells. They provide their research and services to hospitals and people around the world.
Quaternary
500
What is economic disparity?
When two or more things unfair when it comes to businesses and money. For example, the gender wealth gap.
500
In a communist economy, there is no class advancement.
What does this mean?
There is no social class. Citizens are unable to become rich and wealthy and unable to become poor and unemployed. Everyone is of equal status and will always be no matter what.
500
How do tariffs affect the cost of foreign goods for consumers?
Tariffs increase the price of foreign goods, making goods more expensive for consumers
500
The image above represents what?
Economic influence form The Cold War