1.) List and explain the four sectors of the economy. (P.61-62)
2.) Why is it important to have a diversified economy?
3.) What trends have been observed in the Primary and tertiary sectors of the economy since 1891? (P.64)
4.) How does and economy become diversified? Answer in terms of Pre- Industrial, Industrial and Post-Industrial. (P.67)
5.) Explain how Bishop’s Falls has a diversified economy.
6.) What economic forecast do you give for the province of Newfoundland and Labrador? Support your response.
7.) Which industry do you want to be associated with when you enter the labour market? Why?
8.) How does knowing about the economy of your local, national and global economic system empower you as an individual?
Write at least 2 paragraphs for questions 2,6, and 8.
This is to be completed in your exercise book and is due Thursday Nov. 17th in class.
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