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HiSET: Modern Economic Systems Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. Which sector of the economy takes raw materials from the primary sector and manufactures them into goods?

Question 2 2. Which of the following places would be considered 'urban'?

Question 3 3. Which of the following is NOT a benefit of globalization?

Question 4 4. Greg works at a guitar shop, where his job is to repair guitars. Would this be considered a service? Why or why not?

Question 5 5. How did cash crops and agribusinesses affect rural areas?

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Question 6 6. Mark used to work at a large home goods factory. Now he knits and sews quilts at home, and he also sells them there. What kind of business has Mark started?

Question 7 7. Which of the following statements about the Industrial Revolution is FALSE?

Question 8 8. What do we call the assigning of different parts of a manufacturing procedure or tasks to different people in order to improve efficiency and productivity?

Question 9 9. What do we call populations shifting from rural, agricultural areas to cities?

Question 10 10. Why was the spinning jenny so important to the textile industry?

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Question 11 11. Businesses use targeted marketing for all of the following reasons EXCEPT?

Question 12 12. Which term denotes characteristics of the countryside?

Question 13 13. Which of the following is NOT an example of a public service?

Question 14 14. What do we call the furthest distance consumers will travel to purchase goods or obtain services?

Question 15 15. Which of the following is a barrier for e-commerce?

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Question 16 16. Which sector of the economy removes or harvests products directly from the earth in order to extract raw materials or food?

Question 17 17. What is the minimum market area needed for goods and services to be economically feasible?

Question 18 18. At Fielding Industries, Gerald is in charge of decisions related to the company's employees. Which of the following terms BEST describes Gerald's responsibilities?

Question 19 19. Yellow Giant is a large producer of corn that owns all of its own farms and sells products to grocery chains to be packaged in cans or frozen and sold to consumers. Yellow Giant is considered a/an _____.

Question 20 20. What do we call a legal economic entity involved in the supply of utilities to consumers within a specific area?

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Question 21 21. Which sector of the economy provides the goods and services to businesses and consumers?

Question 22 22. Why is the service industry a part of the tertiary sector rather than the secondary sector?

Question 23 23. The Industrial Revolution is usually linked to which centuries?

Question 24 24. Which technology has had the biggest impact on the economy?

Question 25 25. What do we call the process of people moving from rural areas to urban ones?

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Question 26 26. Which of the following terms describes industries being situated near the raw materials needed to produce their products?

Question 27 27. All of the following are ways information technology has changed and reshaped job design EXCEPT:

Question 28 28. Which term describes a large-scale departure of financial assets and capital from a nation due to political or economic reasons?

Question 29 29. What do we call businesses or manufacturing systems operating in a person's home?

Question 30 30. Which of the following would most likely be distributed by a material distribution center?

HiSET: Modern Economic Systems Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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