WorksheetsYr 9 Economics & Business
Total questions: 19
Worksheet time: 20mins
A social science focused on the production, distribution, and consumption of goods and services.
Business
Economics
Citizenship
Budgeting
process of growing interdependence between countries
bitcoin
share market
economics
globalisation
We satisfy our (a) by acquiring (b)
The Australian (a) system cannot produce all the (b) we desire, so Australia is engaged in (c) relationships with countries all over the world.
Printing more money actually devalues what a dollar is worth.
Yes!
Nah, it's fine
Not sure what this means
Organise these options into the Needs and Wants
water
fruit & vegetables
Heating
Shelter
X-Box
coca cola
air conditioning
multiple houses
relative scarcity
Never satisfying our needs and wants
Always satisfying our needs and wants
Sometimes satisfying our needs and wants
When purchasing a house or land, most people take out a (a) loan.
Employees put money into a (a) fund
The choice you make ,ay gain you benefits OR lose you benefits.
Loans
opportunity cost
Needs and wants
Price factor
Match the following
Medium of exchange
money in exchange for goods/services
Measure of value
price goods/services based on value
Store of value
Saving money to spend later; holds value
Standard of deferred payment
Purchase with credit; pay back later
Match each term with the appropriate definition.
Any effort undertaken in the production of a good or service.
investment
Things that can be used by businesses including land, labour, capital , and enterprise.
consumer demand
Refer to the needs and wants of households.
labour
An institution and simultaneously stores and lends money- a well known example is the bank.
resources
The purchase of an item which may not be used or on- sold immediately.
financial intermediary
(a) refers to all the raw materials and natural resources that go into the production of goods and services.
(b) is defined as all the equipment used by human labour in the processes of production.
The household sector and the business sector are dependent on each other. True or False
true
false
there are said to be ____ functions of money in our economics
3
6
5
4
how do financial intermediaries help markets to operate?
they make or supply goods and services that are distributed to households.
they use the money deposited and invested in them to fund other business opportunities.
they supply goods and services to businesses.
all of the above.
Governments can influence the economy
through the taxation system.
by funding building and infrastructure projects.
by stimulating economic growth.
by all of the above.
define relative scarcity
when our needs and wants will never be satisfied.
money from a personal income goes into a fund.
money that you pay to the government
Match the following
OH&S
WorkSafe
Paying income
Employer
Completing duties
Employee
Listing requirements
Job Description
