Economy of Australia

Economy of Australia

6th Grade

52 Qs

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Economy of Australia

Economy of Australia

Assessment

Passage

Geography

6th Grade

Practice Problem

Easy

Created by

Trennace Montgomery

Used 5+ times

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52 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economy does Australia have according to the text?

Pure market economy

Mixed market economy

Command economy

Traditional economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is Australia's economy considered one of the most free in the world?

Because the government sets all prices

Because there are no economic rules

Because it has a mixed market economy with few government interventions

Because it is a pure market economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who sets the prices in Australia's major industries?

The government

Major corporations

An agreement of buyers and sellers

International market forces

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which country is represented as having a command economy in the diagram?

Germany

UK

Cuba

Australia

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the diagram, which of the following countries is closest to a market economy?

Russia

Germany

US

Cuba

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economy is Australia considered to have?

Command economy

Mixed economy

Market economy

Traditional economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What allows businesses in Australia to operate with freedom?

Strict government regulations

Lack of legal systems

Market economy principles

High taxes

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