Worksheets17.1 The Australian economy- an introduction
Total questions: 12
Worksheet time: 4mins
Resources can be considered limited but our ______ and ______ are virtually unlimited.
(a)
A recent study showed that Apple, Coca- Cola, Nike, McDonalds and Adidas were all...
Australia's most successful businesses
Favourite brands among teenagers
Facilitating sweatshops
All owned by the same company
What portion of secondary students have a part-time job?
1/4
1/2
1/3
1/5
Vidoe games have become a popular (a) tool to reach teenagers
Resources can be placed into three main categories
Natural, labour and capital
Large, small and natural
Free, cost and labour
Capital, labour and unatural
Milk is an example of a __________ resource.
Capital
Natural
Labour
Goods
Factories and buildings are examples of a ___________ resource.
Labout
Capital
Natural
Wants
Bakers are and example of a ____________ resource.
Labour
Capital
Required
Natural
_______ resources are resources that come from nature, from above or below the ground.
Capital
Natural
Labour
______ resources are resources that ar the intellectual or physical skills of a worker that are needed to make a goods or service.
Capital
Natural
Labour
________ resources are man-made resources such as machinery, roads and bridges that are used to produce and transport goods and services we purchase.
Labour
Capital
Natural
A woman books a family holiday to New Zealand over the summer. As a result her husband is upset that he cannot purchase a new dirt bike. Forgoing the motorcycle is the real cost of going on the trip:( Economists refer to this as ______
Financial sacrifice
Financial balancing
Opportunity cost
Going without
