WorksheetsAustralia Government/Economics Test
Total questions: 37
Worksheet time: 19mins
What 3 economic questions are asked when studying the similarities of a traditional, command, and market economy among nations of the world?
What to produce, why to produce, when to produce?
What is your opportunity cost, what economic resources are needed, why should these resources be used?
What to produce, how to produce, and for whom to produce?
What is your opportunity cost, why are economic resources needed, when should these resources be used?
In a traditional economic system people usually exchange goods or services rather than use money. Which of the following is an example of this exchange process?
bartering with a seller
using currency to pay
paying for services by check
charging goods on a credit card
In which economic system does a single authority decide what is produced?
market
public
traditional
command
Which is the BEST example of specialization?
A large business makes a variety of goods.
A country has a large number of imports but no exports.
A farmer grows crops, harvest crops, and sells crops to individuals and businesses.
A factory builds seats that will be sold to different car manufacturers to be installed in a variety of cars.
Which word has the same meaning as the economic term "tariff"?
tax
debt
money
savings
The United Kingdom Customs Service has found toxic lead-based paint in toys imported from a Chinese toy-making company. These toys are intended for sale in the United Kingdom. Exposure to the paint over a long period of time could be fatal to children under 6 years old. What type of trade barrier would guarantee that no child in the United Kingdom would be exposed to the deadly lead-based paint?
tariff
quota
embargo
exchange rate
The United States has decided to put a limit on the number of European cars that can be imported. This is an example of __________.
tariff
quota
exchange rate
embargo
Which has the most power in Australian government?
the constitution
the people of Australia
the Queen
the High Court of Australia
Which describes the government of the country of Australia?
confederate government
federal government
unitary government
autocratic government
What is the role of the governor-general in Australia?
represents the Queen in Australia
acts as the chief executive of government
waits for recommendations from the prime minister
be the leader of the political party with the most representatives in Parliament
Australia has a prime minister that is elected through the legislature. This means that Australia has a
presidential democracy
parliamentary democracy
autocratic democracy
direct democracy
What do these phrases explain? *Signs bills into law *Is commander-in-chief for the military *Acts as head of state for Australia *Approves the governor-general
duties of the Queen in Australia
duties of the Australian governor-general
duties of the High Court of Australia
duties of Australia’s Commonwealth Parliament
What responsibility is required by law for Australians over the age of 18?
marriage
voting
military service
attending college
Australian citizens do not directly vote any of the following people into office EXCEPT
the governor-general.
the monarch (Queen).
the prime minister.
a member of Parliament.
What is the title of the Chief Executive of Australia?
The Queen
The Prime Minister
The Governor-General
The President
Who is the Head of State of Australia?
The Queen
The Prime Minster
The Governor-General
The President
The Governor-general is appointed by the monarch for a term of ____ years.
1
3
5
7
Australia has its own constitution, but British monarch serves as ceremonial Head of State. This makes Australia a
Communist dictatorship
Constitutional monarchy
Absolute monarchy
Presidential democracy
Six British colonies broke away ad formed the country of Australia in
1891
1901
1911
1921
Which natural resource is important to Australia’s economy?
bauxite
modern factories
excellent highways
education of workers
Which is true about the economic system in Australia?
It is difficult for individuals to start their own businesses.
Government rules and laws make starting a business in Australia very risky.
Laws are in place to protect the rights and property of people who want to start their own businesses in Australia.
Few Australians are willing to use their money and time to start businesses because the government is likely to take their business away.
Which is an example of a capital good?
gold
health care
a factory
a diamond
Which action by the Australian government would make its economy less like a mixed economy and more like a pure market economy?
a limit on salt imports of 80 tons per year
a 10 percent tax on all wool bought from European countries
the decision to let supply and demand set the price of gasoline
the addition of a $500 fee for all automobiles imported into the country
Because most economies have characteristics of the command and market economy, we say they are
communist.
traditional.
free.
mixed.
What has helped Australia to have a high GDP?
poor healthcare
modern factories and technology
natural resources that are hard to develop
workers with low-paying jobs
Tariffs and quotas are alike because they both
restrict or limit trade between countries.
completely stop trade between countries.
increase trade between countries.
make trading a lot easier between countries.
Which trade barrier discourages trade by placing a tax on foreign goods?
Embargo
Quota
Subsidy
Tariff
What is an important role of entrepreneurs in the Australian economy?
They sell stocks in the stock market.
They provide new jobs for Australian workers.
They shut down factories that are not making much money.
They take care of sick patients.
Who sets the price for goods in Australia?
Buyers and sellers agree upon price.
The governor-general sets prices for most goods.
Parliament sets a price for all goods in the country.
Prices for goods are set based on customs and beliefs of the Aborigines.
The Aborigines had a _____________ economic system which is historically small scale, based on customs and habits, frequently subsistent in nature, and based on bartering; whereas present day Australia has a ________________ economy strongly depending on supply and demand, and placing decisions in the hands of the people while encouraging entrepreneurship.
traditional; market
mixed; traditional
traditional; mixed
command; market
Which of the following is an effect of European colonization in Australia?
Large plantations were built for slaves to work.
Many Aborigines died and lost their land to the Europeans.
The Aborigine’s empire was strengthened to grow.
The Aboriginal emperor was captured by Captain James Cook.
Which official(s) do citizens of Australia vote into office?
governor-general
members of Parliament
monarch
President
How are the roles of citizens in Australia different from the roles of citizens in the United States?
Citizens in Australia are required by law to vote.
Citizens in Australia vote for a prime minister who is the leader of the government.
Citizens in Australia are not allowed to vote or participate in any part of the government.
Citizens in Australia do not have the same personal freedoms as citizens in the United States.
In order to help Australian car companies sell more cars, the government put a limit on the number of cars that could be imported from other countries. This is an example of a (n)
Quota
Tariff
Embargo
Voluntary Trade
How does the high literacy rate in Australia affect its economy and enhance the standard of living for its citizens?
Australia’s high literacy rate contributes to its economic success and promotes a high standard of living.
The literacy rate has little effect on Australia’s economy, thus it does not affect the standard of living.
Australia’s high literacy rate is the result of its poor economy.
The small percentage of people who cannot read are hindering most of Australia’s economic growth.
Which BEST describes a result of British colonization of Australia?
Australia is an old-fashioned country that is governed by the Queen of Great Britain
Australia is an old-fashioned country that is very dependent on Great Britain
Australia is a modern, independent country, which is dependent on Great Britain
Australia is a modern, independent country, but it still has a few ties with Great Britain
Which is an example of investing in capital goods by a company?
providing health care for workers
providing classes for workers to learn new skills
keeping an old machine to see if it will last longer
buying new computers to build products more quickly
