Economics Review (Australia)

Front

Arable land is land that...

Back

good for farming.

Front

Australia has rich deposits of ___________. This is an example of a ______________.

Back

coal.....natural resource

Front

Education in Australia includes...

Back

free public schools

Front

Which country makes higher investments into fixed capital goods? Options: United Kingdom over Japan, United Kingdom over Australia, Australia over Japan, Russia over Japan

Back

Australia over Japan

Front

Global trade benefits buys by...

Back

offering a greater variety of goods and services.

Front

In economics, "domestic" refers to...

Back

being in or from your own country.

Front

Specialization helps countries...

Back

use their limited productive resources most efficiently.

Front

When nations specialize, they are able to...

Back

choose to make goods and services at a low opportunity cost.

Front

Specialization benefits sellers by...

Back

giving them access to a greater variety of resources needed for production.

Front

When the Chinese economy slowed down in 2016, this impacted Australia by...

Back

reduce trade and hurt Australia's economy as well.