Have you been paying attention?
Authored by Kristy Ryan
Education, Business
9th Grade
Used 2+ times
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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a 'free enterprise'?
The ability to purchase a plot of land.
The freedom for individuals to set up a business and make a profit.
A legally binding contract.
The freedom to operate a business free from government regulations.
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
How does a business benefit the Australian economy?
Allowing the government to collect tax.
Consumers are provided with goods and services.
Individuals are employed and can earn a wage.
By promoting the off-shoring of jobs.
3.
OPEN ENDED QUESTION
1 min • Ungraded
Name the four participants in the Australian economy.
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4.
FILL IN THE BLANKS QUESTION
45 sec • 1 pt
WHAT AM I? Bringing goods and services into Australia from another country.
(a)
5.
FILL IN THE BLANKS QUESTION
45 sec • 1 pt
WHAT AM I? Selling and sending goods and services to another country.
(a)
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to the price of exports when the Australian dollar rises?
Exports = more expensive.
Imports = no change.
Exports = more expensive.
Imports = cheaper.
Exports = no change.
Imports = no change.
Exports = cheaper.
Imports = more expensive.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an exchange rate?
A person's income rate.
The value of one country's currency when applying for a bank loan.
One country giving a good or service to another.
The value of one country's currency when swapped with another's currency.
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