Year 8 Economics and Business 2018

the total of all consumers in the economy

The relationship between producers and consumers who buy the goods and services

a person or a group that is the final user of goods and services produced within an economy

goods and services sold by local businesses to overseas consumers

Which is not a factor of production?

The entire group of consumers in an economy

How many companies are listed on the Australian Stock Market?

any organisation that takes deposits from those with surplus funds, and makes these available.

What is being bought and sold on the labour market?

When considering what to produce what should businesses NOT consider?

money put into buying equipment or premises for the establishment/growth of a business

The legally binding amount that must be paid to any employee over the age of 21 years

Which is not a key economic question?

Which function of $ is being described? We are able to save our money to spend at a later date.

Which function of $ is being described? We use money to put a price on goods & services.

Company profits paid to shareholders, either in cash or as more shares.

How many key economic questions are there?

An amount paid to someone in return for the ability to use that person’s money

What does ASX stand for?

Any human effort undertaken in the production of a good or service

A charge made for the use of money that has been deposited or borrowed

There are ___ functions of money.

the availability and the ability of workers to work and for employers to hire them

Which is not an example of a retail market?

The government affects how much g&s are consumed. Which is not a way they do this?