Australian Review 3

What were the reasons the British colonized Australia?

• to relieve overcrowding in Great Britain's jails

• to establish a naval base in the southern hemisphere

• to create an economic base to expand their trade

• all of the above

What position does the British Monarch hold in Australia's government?

• head of government

• head of state

• governor-general

• member of parliament

What position does the Prime Minister hold in Australia's government?

• head of government

• head of state

• governor-general

• member of parliament

Most democratic countries today have an economy that is somewhere on a continuum (range) between command and market economies. What term applies to this type of economy?

• Mixed economy
• Market Economy

• Traditional economy

• Command economy

Which statement is NOT true of the valuable trading relationship between China and Australia?

• China is Australia’s largest and nearest neighbor to the north.

• Australia exports minerals and metals to China.

• China is a major tourist destination for Australians.

• Australia has imposed tariffs on imports from China.

One in every 12 adults in Australia owns his or her own business. Entrepreneurs are good for Australia, and Australia is very attractive to entrepreneurs in which ways?

• There are abundant raw materials.

• There is a highly educated workforce.

• The laws protect entrepreneurs and their businesses.

• all of the above

British settlers had an immediate impact on Aboriginal life. Which of the following was the MOST damaging impact?

• They took over good sources of water, fisheries and productive land.

• They introduced diseases to which the Aborigines had no natural immunity.

• The gold rush in the 1850s brought conflicts with the Aboriginal people.

• Forests were destroyed by excessive cutting.

Which language and religion are now the most prominent in Australia as a result of the colonization by the British? Select ALL that apply.

• English language

• French language

• Christianity

• Islam

Which of the following statements is TRUE of the type of economy in Australia? Select ALL that apply.

• It is one of the freest economies in the world.

• There is very little involvement from government.

• There are unfortunately few good laws to protect business owners and consumers.

• Courts do not always enforce laws.

To increase the Standard of Living, countries must increase their Gross Domestic Product (GDP). Australia has invested heavily in human capital to increase their GDP. Which of the following actions are NOT examples of investment in human capital? Select All that apply.

• Make infrastructure improvements.

• Keep machinery up to date.

• Educate and train workers.

• Establish a good health care system.

Answer explanation

Investment in Human Capital means investing in the people.