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Worksheets9 Global Connections 3
Total questions: 14
Worksheet time: 8mins
An economic system where resources are owned by the government, but individuals decide what to make and who to sell it to is a...
Market capitalist economy
Subsistence economy
Market socialist economy
Planned capitalist economy
An economic system where the participants own their resources, produce and sell the products of their choice and earn the profit that is generated is a...
Market capitalist economy
Subsistence economy
Market socialist economy
Planned capitalist economy
The feature of the circular flow diagram labelled "a" is...
Savings
Investments
Economic Resources
Government Spending
The feature of the circular flow diagram labelled "b" is...
Leakages
Investments
Economic Resources
Government Spending
The feature of the circular flow diagram labelled "c" is...
Savings
Overseas sector
Economic Resources
Business Sector
The feature of the circular flow diagram labelled "d" is...
Imports
Overseas sector
Injections
Business Sector
The feature of the circular flow diagram labelled "e" is...
Leakages
Taxation
Injections
Business Sector
The 3 Economic Indicators are...
Inflation, Enterprise and Unemployment
Economic Growth, Imports and Capital
Unemployment, Economic Growth and Resources
Economic growth, Inflation and Unemployment
The ideal rate of Economic growth for an economy (and therefore the aim) is...
3-4%
Under 5%
2-3%
Over 5%
Australia's target rate for unemployment is...
3-4%
Under 5%
2-3%
Over 5%
Australia's target rate for inflation (set by the reserve bank) is...
3-4%
Under 5%
2-3%
Over 5%
Advantages of globalisation are (choose all that are appropriate)...
Increase economic growth
Improved standard of living
Efficient use of resources - specialisation
Competitive prices
Disadvantages of globalisation are (choose all that are appropriate)...
Exploitation of workers in developing countries
Improved standard of living
Loss of cultural identity
Damage to natural environments
Australia's major trading partners are mostly from which continent?
Europe
Asia
North America
Africa
