Y9 Economics mid-term 2021

Y9 Economics mid-term 2021

2nd Grade

19 Qs

quiz-placeholder

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Y9 Economics mid-term 2021

Y9 Economics mid-term 2021

Assessment

Quiz

Social Studies

2nd Grade

Practice Problem

Medium

Created by

ME S

Used 5+ times

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19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scarcity refers to the fact that there aren't enough resources to satisfy all our needs and wants

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In market capitalist economies, most resources are owned by the government

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The federal government spends tax on things including...

Building regulations and waste disposal

Defence and immigration

Transport and police

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Exports are...

a good or services produced in one country and sold to buyers in another (injection)

a good or services produced in one country and sold to buyers in another (leakage)

the interconnection between different countries

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why did car companies close in Australia?

High Australian dollar

Imported cars cheaper

Limited volume of cars being made

All other reasons

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Travel, refined petroleum and cars are

Australia's top 3 exports

Australia's top 3 imports

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Australia's top 3 export trading partners are

China, Japan, Thailand

China, Japan, USA

China, Great Britain, USA

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