What is the GDP per capita?

The annual average income of a nation's citizens.

What is true about the economic system of Australia?

Laws protect the people and property of entrepreuners

Which is a characteristic of a free market economy?

individual choice of what to sale

Has some ties with Great Britain

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Duplicate of Australian Government and Economics

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Questions 23

Answers

1
What does the governor general do?
leader of a political party
Governors a state
Represents the queen
acts as chief executive
2
Tariffs and quotas are alike because they both
increase trade
make trading easier
stop trade
restrict or limit trade
3
Which describes who can vote in Australian elections?
18 or older required to vote
Males 18 or older
18 or older allowed to vote
Every citizen of Briitish empire
4
Who is the head of state in Australia?
Prime minister
High Court
Governor
Queen
5
Which effect does scarcity have on the price of a product?
None
Highers the price
Price stays the same
Lowers the price
6
What is a factor in what to produce?
rationing system
what the governments deems as important
high scarcity
natural resources
7
What is an oligarchy?
military rules
people vote
dictator rules
small group rules
8
The mixed economy of Austalia means economic decisions are made by
the government
private industry
workers
the military
9
Who has the most power in Australia government?
Parliament
Queen
Governor general
Prime Minister
10
Most countries today have what economy?
participtory
mixed
Free market
command
11
What is the GDP per capita?
The annual spending of a nation's citizens.
The annual average income of a nation's citizens.
The monthly average income of a nation's citizens.
None of the Above
12
How is the prime minister selected?
Appointed by queen
Elected by voters
By being leader of Parliament
Comprise by main parties
13
What is an example of investing in capital goods by a company?
buys new computers
provides health care
keeps old machinery to save money
provides classes for workers
14
What is an example of human capital?
Healthcare
All of the above
Skill training
Knowledge
15
Entrepreuners
make the GDP strong
all of the above
create jobs
start businesses
16
The government of Australia is a
Parliamentary democracy
all of the above
Presidential democracy
Oligarchy
17
What is true about the economic system of Australia?
Laws protect the people and property of entrepreuners
Few Australians are entrepreuners
It's difficult to start a business
Starting a business is risky
18
Which is a characteristic of a free market economy?
government control what to sale
individual have little choice of what to sale
individual choice of what to sale
government influence in private sector
19
What is a capital good?
gold
a worker
health care
factories
20
A command economy usually results in
less government interference
high quality manufactured goods
the supply of goods equaling demand
fewer choices for the consumer
21
What role do citizens in Australia play in government?
Elect members of Parliament
Elect governor general
Vote on most legislation
Elect prime minister
22
Which natural resource is most important to Australia economy?
minerals
silver
diamonds
gold
23
Australia is
a country ruled by a QueenTa
dependent on Great Britain
old fashiioned
Has some ties with Great Britain

Duplicate of Australian Government and Economics Flashcards | StudBud