Australia Economy & Government

Australia's economy can best be described as

• Market Economy

• Command Economy

• Traditional Economy

• Mixed Market Economy

Which of the following countries experiences the most economic freedom?

• the United Kingdom

• Canada

• Germany

• Australia

What are the four factors which affect a country's economic growth?

• natural resources, literacy rate, per capita GDP, entrepreneurship

• natural resources, literacy rate, human capital, entrepreneurship

• natural resources, human capital, capital goods, and entrepreneurship

• natural resources, human capital, capital goods, literacy rate

What has helped Australia to have a high GDP?

• poor healthcare

• modern factories and technology

• natural resources that are hard to develop

• workers with low-paying jobs

What type of Democracy does Australia have?

• Presidential Democracy
• Parliamentary Democracy

Who is the leader in the Australian Parliament?

• Speaker
• President
• Chairman
• Prime Minister

Who are the people that provide money to start up or run a business called?

• Business Owners
• Citizens
• Employees
• Entrepreneurs

What is Australia's standard of living?

• High 
• Low

What age are students in Australia required to stay in school until?

• 12 years old
• 15 years old
• 18 years old
• 21 years old

Is it easy or hard to start a business in Australia?

• Hard
• Easy