Quinary economic activities are sometimes considered as a subset of quaternary economic activities. Other times, they are considered to be an independent group of economic activity. Quinary economics are separate from quaternary because they use collaborative research projects, data analysis, and scientific inquiry designed to improve policy-making of governments and decision-making of corporations. It is an extremely modern branch of economic activity and one that is still being defined.

Quinary economic activities are sometimes considered as a subset of quaternary economic activities. Other times, they are considered to be an independent group of economic activity. Quinary economics are separate from quaternary because they use collaborative research projects, data analysis, and scientific inquiry designed to improve policy-making of governments and decision-making of corporations. It is an extremely modern branch of economic activity and one that is still being defined.

During the past half-century much of the developed world has experienced a process known as deindustrialization -factories and manufacturing centers have closed down in the United States of America, Western Europe, and Japan and those jobs have been outsourced to the developing world. This has led to the rise of “service-based economies” in the developed world. A “service-based economy” is an economy in which most of the workers are involved in providing services such as research, marketing, telecommunications, innovation, teaching, and so on.

During the past half-century much of the developed world has experienced a process known as deindustrialization -factories and manufacturing centers have closed down in the United States of America, Western Europe, and Japan and those jobs have been outsourced to the developing world. This has led to the rise of “service-based economies” in the developed world. A “service-based economy” is an economy in which most of the workers are involved in providing services such as research, marketing, telecommunications, innovation, teaching, and so on.

The “offshore” aspect of “offshore financial centers” refers to the fact that these countries are usually small islands but they do not have to be. In fact, Switzerland is one of the most historically significant “offshore financial centers” in the world, and it continues to be extremely influential to this day. An “offshore financial center” is a country that encourages foreign companies to conduct financial transactions in their territory by providing very low tax rates and varying degrees of institutional secrecy.

The “offshore” aspect of “offshore financial centers” refers to the fact that these countries are usually small islands but they do not have to be. In fact, Switzerland is one of the most historically significant “offshore financial centers” in the world, and it continues to be extremely influential to this day. An “offshore financial center” is a country that encourages foreign companies to conduct financial transactions in their territory by providing very low tax rates and varying degrees of institutional secrecy.

Secondary economic activities are areas of business concerned with the manufacturing or assembly of raw materials into products that can be sold on the mass-market. During the Industrial Revolution most of Europe and the United States of America was engaged in secondary economic activities.

"Globalization" is a broad term that describes the increased interconnectivity between different regions and countries across the globe. While different cultures had always shared ideas and economic products, the nineteenth century saw a rapid rise in globalization that has continued into the twenty first century thanks to improved transportation, communication, mass culture, and foreign investment.

China provides the greatest supply of low-cost labor, followed by South Korea and India. New England is not a feasible option.

The “fast world,” as distinct from the “slow world,” is defined by high-level telecommunication and transportation technology. Although the other answer choices might be generally true of the differences between “fast world” countries and “slow world” countries they are not as close to the exact definition as the correct answer.