Review for Unit 9

What is the name of the physical feature that is important to the Aboriginese people?

• Coral Sea

• Great Barrier Reef

• Great Dividing Range

• Ayer's Rock/Uluru

What two oceans surround Australia?

• Atlantic and Arctic

• Pacific and Atlantic

• Indian and Atlantic

• Pacific and Indian

What type of economies do most countries have?

• Market

• Command

• Traditional

• Mixed

Which ones of the economies is not used by countries as their form of economy?

• Command

• Market

• Mixed

• Traditional

Because most economies have characteristics of the command and market economy, we say they are

• Command

• Market

• Mixed

• Traditional

Who sets the price for goods in Australia?

• Buyers and sellers agree upon a price.

• The governor-general sets prices for most goods.

• Parliament sets a price for all goods in the country.

• Prices for goods brought from China are set by the government

Why do people have to exchange currency?

• To help banks increase their fees

• To transport goods from one country to another

• To do business with people from other countries

• To make sure that buyers and sellers are treated fairly

The government has set the price of milk to $3.99 based off quotas. What type of economic system is this describing?

• Market

• Command

• Mixed

• Traditional

The demand for wheat has increased recently. Farmers have decided to charge more for wheat. The government is not involved at all. What type of economic system does this describe?

• Command

• Market

• Mixed

• Traditional

The United States government guides and regulates our food industries, but individuals own businesses. What type of economic system is this describing?

• Command

• Market

• Mixed

• Traditional