Which of the following is an example of a tertiary economic activity?

Prepare for the Alberta Social Studies 20-2 Exam. Use our multiple choice questions and flashcards to reinforce key concepts. Learn and practice with detailed explanations and hints to ensure exam success!

Multiple Choice

Which of the following is an example of a tertiary economic activity?

Explanation:
Tertiary economic activities are the services that support the production and distribution of goods and help the economy run, rather than producing goods themselves. Banking fits this idea because it provides financial services—such as managing money, lending, processing payments, and facilitating investments—that enable businesses and individuals to operate smoothly. It doesn’t create a tangible product, but it underpins economic activity across all sectors. The other options are primary activities, which involve extracting or producing raw materials (like mining and agriculture). While healthcare is a service, the example given here focuses on a type of service—financial intermediation—that clearly demonstrates the role of the tertiary sector in supporting the economy.

Tertiary economic activities are the services that support the production and distribution of goods and help the economy run, rather than producing goods themselves. Banking fits this idea because it provides financial services—such as managing money, lending, processing payments, and facilitating investments—that enable businesses and individuals to operate smoothly. It doesn’t create a tangible product, but it underpins economic activity across all sectors.

The other options are primary activities, which involve extracting or producing raw materials (like mining and agriculture). While healthcare is a service, the example given here focuses on a type of service—financial intermediation—that clearly demonstrates the role of the tertiary sector in supporting the economy.

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