Tertiary Sector 101
Unlike the primary and secondary sectors, the tertiary sector is made up of these
What are services?
Long ago, trade was carried out via a system of this
What is bartering?
en español: trueque
The three types of transport are air, land, and this
What is maritime?
If a country exports more than it imports, then its balance of trade is this
What is positive?
This term is abbreviated MEDC
What is a More Economically Developed Country?
Tertiary sector activities have a low level of this, meaning that they are not or cannot be carried out by machines
What is mechanization?
British Spelling: mechanisation
This is one of the two types of domestic trade, the other being retail
What is wholesale?
en español: mayorista
Until recently, state-owned airlines had a monopoly on air transport. Today, the appearance of these has reduced costs and increased the number of air passengers and cargo
What are low-cost airlines?
Thailand, Malaysia, the Philippines, and Singapore are just a few countries located in this economic area
What is Southeast Asia?
In this year, on New Year's Day, euro banknotes began circulating in Spain and in fourteen other countries
What is 2002?
Advertising, banking, and legal services are all examples of these services
What are business services?
While China is the world's largest exporter, this country is the world's largest importer
What is the USA?
Spain ranked 14th in imports and 19th in exports
Better roads and access to lower airfare has caused explosive growth in this industry over the past few decades
What is the tourism industry?
These are large amounts of money being moved around the world, which are used for bank loans, investments, and the buying and selling of of companies and stocks
What are capital flows?
In 2002, the MV Prestige sank off the coast of this Autonomous Community, causing severe pollution and harm to marine plants and animals
What is Galicia?
This organization was founded in 1948 with the aim of expanding access to healthcare around the world
What is the WHO (World Health Organization)?
*pronounced W-H-O, not /hu/
The flow of these (such as oil) represents 40% of trade worldwide
What are raw materials?
These are the best means of transport for carrying people and goods over medium to long distances
What are trains?
In terms of total international monetary transactions, if a country's income is higher than its expenditure, its balance of payments is in this
What is surplus?
The fastest trains in Europe are this country's TGVs
What is France?
Some of their trains can go as fast as 320 km/h
Workers in fields like biogenetics require special training and receive high salaries. These services are classified as part of the upper-end tertiary sector, or this
What is the quarternary sector?
Argentina, Brazil, Paraguay, and Uruguay are all members of this trade bloc
What is Mercosur?
So-called "long-haul" tourist destinations are more than this many kilometers away from a tourist's home
What is 2000 km?
One of the characteristics of a trade bloc is this, where laws and regulations on the movement of goods are eliminated, allowing goods to circulate more freely
What is a customs union?
This European country received the most international tourists in 2017, totaling 87 million people
What is France?
Spain was 2nd place with 82 million people
The USA was 3rd with 77 million people