Yr10 ECB Week 1

What do you already know about economics?

• It is the study of plants.

• It is the study of weather patterns.

• It is the study of how societies use resources.

• It is the study of ancient civilizations.

Which of the following words is commonly associated with economics?

• Photosynthesis

• Inflation

• Photosynthesis

• Metamorphosis

What is economics concerned with?

• The study of ancient civilizations

• The production, distribution, and consumption of goods and services

• The development of new technologies

• The history of art and culture

What does economics study in terms of decision-making?

• How to create new languages

• How to design buildings

• How individuals, businesses, governments, and nations make choices about resource allocation

• How to cook traditional dishes

What can economics determine regarding a country's financial aspects?

• The color of national flags

• The value of the Australian Dollar, employment rates, and the ability to borrow and pay back money

• The types of animals found in a region

• The most popular sports in a country

What does global economics focus on?

• Economic activities within a single country

• Economic activities between multiple countries

• The production of goods and services

• The distribution of wealth within a country

What is a primary concern of global economics?

• Domestic employment rates

• Import and export of goods and services

• Local business regulations

• National tax policies

What could the current housing market be doing for the economy?

• Increasing tourism

• Reducing employment

• Stimulating economic growth

• Decreasing local businesses

Why do you think they decided to expand Bunnings in Yeppoon?

• To reduce traffic

• To increase local employment

• To decrease housing prices

• To limit shopping options

What could the development of Surf Lakes bring to Yeppoon?

• Decrease in tourism

• Increase in local pollution

• Boost in local tourism

• Reduction in local businesses