WorksheetsAustralia's Economy
Total questions: 13
Worksheet time: 7mins
What is Australia's currency called?
aussie
dollar
pound
euro
Australia's economy can best be described as
Market Economy
Command Economy
Traditional Economy
Mixed Market Economy
Which of the following countries experiences the most economic freedom?
the United Kingdom
Canada
Germany
Australia
Select all the examples of natural resources
fresh water
copper deposits
fishing grounds
steel mills
Australia's economy is dominated by the production and sale of
services
houses
machinery
clothing
Which of the following is not one of Australia's main imports
cars
refined petroleum
pharmaceuticals
iron
Due to its investment in capital goods Australia has a(n)
high literacy rate
high-performing economy
abundance of natural resources
lot of government regulations
Australia is involved in many FTA, what does FTA stand for?
Free Trade Agreement
Featured Trade Association
Featured Trade Agreement
Free Trade Association
Even though most of Australia's interior is a desert it still ranks 7th in
fishing
rainfall
sheep farming
arable farmland
What are the four factors which affect a country's economic growth?
natural resources, literacy rate, per capita GDP, entrepreneurship
natural resources, literacy rate, human capital, entrepreneurship
natural resources, human capital, capital goods, and entrepreneurship
natural resources, human capital, capital goods, literacy rate
Select all the examples of human capital
a new way to run a business
manufacturing workers
scientists
college graduates
Select all the examples of capital goods
steel mills
hardwood forests
computers
hammers
fishing grounds
Gross domestic product is a measure of the _____________ in a nation's economy.
money
strength
ability to read and write
entrepreneurship
