9 Economics

Select all that are participants in the economy

• Employees

• Government

• Finance

• Producers

• Businesses

Select the negatives of interdependence for consumers (select all that apply)

• Harder for smaller businesses to compete

• Reduced quality of goods and services

• Unsafe products of services

• Loss of jobs when companies move operations

Which of the following is a positive of economic interdependence for workers?

• Raises living standards around the world

• Opportunity to lower costs and achieve competitive advantage

• Access to wide variety of goods and services at lower prices and quicker pace

• Increased job opportunities in developing countires

Which sector of the economy is defined below:

Made up of individuals in the economy

• Businessess

• Financial

• Household

• Overseas

Which sectors pay taxes to the governement?

• Household

• Finacial

• Overseas

• Businesses

• Government

TRUE of FALSE

Globalisation is a core strength that a business aims to create and maintain in order to improve its position in the market.

• TRUE

• FALSE

Select any of the below that are examples of CSR for a businesses

• Using recycled plastic in the production of their product

• Ensuring safe working conditions

• Letting employees choose how many hours a week they would like to work

• Keeping production in Australia

The below is an example of which participant?

Uses the goods and services created by producers

• Employees

• Producers

• Consumers

• Government

Which participant is being explained below?

Provide their time and labour to producers to make goods and services

_______________ refers to the reliance (support) that exists between participants in the economy on each other to use limited resources to produce goods and services that satisfy unlimited needs and wants.

• Globalisation

• Economics

• Transnational Corporations

• Interdependence