Economics Review #2 (Australia)
Authored by Jenice Grzeszczak
Social Studies
6th Grade
Used 18+ times
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10 questions
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1.
MULTIPLE SELECT QUESTION
1 min • 10 pts
Select two items below that would decrease entrepreneurship in Australia.
Australia passing new regulations on businesses.
Australia providing a tax break for new businesses.
Australia passing new laws increasing minimum wages.
Australian banks lowering interest rates on start-up business loans.
2.
FILL IN THE BLANKS QUESTION
1 min • 10 pts
This factor of production drives up economic growth through the creation of new businesss.
(a)
3.
MULTIPLE SELECT QUESTION
1 min • 10 pts
What are Australia's two specializations?
Mining (Coal, Iron, etc.)
Serivces
Cars
Computers
4.
FILL IN THE BLANKS QUESTION
1 min • 10 pts
Which factor of production would be affected by students dropping out of school or a decrease in funding for education?
(a)
5.
CATEGORIZE QUESTION
1 min • 10 pts
Organize these factors of production into the right categories
Groups:
(a) Human Capital
,
(b) Capital Goods
,
(c) Entrepreneurship
,
(d) Natural Resources
Iron Ore
Public Schools
Factories
New Small Businesses
Engineering Skills
Inventing a new product
Crude Petroleum
Ships
6.
HOTSPOT QUESTION
1 min • 10 pts
Click on the three countries that are Australia's top 3 trading partners.
7.
FILL IN THE BLANKS QUESTION
1 min • 10 pts
Which data measurement do we use to determine standard of living?
(a)
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