Chapter 13 The Value of Work Worksheet
November 5, 2024Chapter 14 Economic Activities Around Us Worksheet
November 5, 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