WorksheetsUnderstanding Markets and Taxes
Total questions: 20
Worksheet time: 10mins
What is a market?
A place where only food is sold
A place or system where buyers and sellers exchange goods and services
A government office
A type of transport
Which of the following is a good produced in Australia?
Bananas from Ecuador
Australian wool
Swiss chocolate
Japanese cars
What are taxes mainly used for in Australia?
To pay for public services like schools and hospitals
To buy private companies
To increase the price of goods
To pay for advertising
Which of the following is a service produced in Australia?
Mining iron ore
Teaching at a local school
Growing coffee in Brazil
Manufacturing iPhones in China
Which of the following best describes a good?
A physical item that can be bought or sold
An action performed for someone else
A government policy
A type of tax
Which of the following is NOT a use of taxes in Australia?
Building roads
Funding public hospitals
Paying for police services
Buying private yachts for citizens
Which of the following is an example of a market in Australia?
The Sydney Fish Market
The Great Barrier Reef
Uluru
The Outback
Which of the following is a service?
A haircut
A loaf of bread
A mobile phone
A car
Which of the following is a reason why the government collects taxes?
To fund public infrastructure
To increase the price of petrol
To reduce exports
To make shopping more difficult
Which of the following is a good exported from Australia?
Iron ore
French cheese
Japanese electronics
Canadian maple syrup
Which of the following is NOT a market?
A local farmers’ market
A school classroom
An online shopping website
A car dealership
Which of the following is a public service funded by taxes in Australia?
Public transport
Private gyms
Fast food restaurants
Theme parks
Which of the following is a service provided in Australia?
Legal advice
Swiss watches
German cars
French perfume
Which of the following is a reason people pay taxes?
To help fund government services
To increase their own income
To reduce the number of shops
To make goods more expensive
Which of the following is a good produced in Australia?
Wheat
Sushi
Swiss chocolate
French wine
Which of the following is an example of a market transaction?
Buying apples at a supermarket
Walking in the park
Reading a book at home
Watching TV
Which of the following is NOT a service?
Hairdressing
Teaching
A loaf of bread
Medical care
Which of the following is a way taxes benefit the community?
Funding public schools
Increasing the price of all goods
Reducing the number of jobs
Making shopping more difficult
Which of the following is a service that can be found in Australia?
Banking
French cheese
Japanese sushi
Italian shoes
Which of the following is a correct statement about markets?
Markets only exist in physical places
Markets can be both physical and online
Markets are only for selling food
Markets are run by the government only
