Year 9 Economics

Marketing strategy that creates a unique position for a product compared with similar products

Coal is an example of a...

money paid at a particular rate for the use of money lent is known as

Which economic system does Australia have?

the cost of the next best alternative use of resources is known as

Which of the following are examples of capital resources?

In which economic system does the government determine what, how and for whom to produce?

An economy where produce only enough to survive, rather than make a profit is known as a...

Activities that convey the value of a good or service to a customer in order to increase sales

Which economic system does North Korea have?

The problem of unlimited needs and wants with limited resources to fulfill them is known as...

Which of the following is not one of the 6 key concepts of economics?

Who is currently Australia's largest trading partner?

ASX stands for...

Goods and services produced locally and sold overseas are known as...

Goods and services produced overseas and sold to Australia are known as...

Timber is an example of a...

Intellectual/physical skills of a worker that are needed to make goods or provide a service are

Which of the following is not one of the three economic questions?

The system where individuals produce & exchange goods & services with consumers for profit

Water is an example of a...

A dishonest trap with the purpose of taking a person’s money is known as a...

The four factors of production are: