What is a withdrawel?

An amount of money taken out of a bamk account

Something you don't need to survive

A qualification that develops skills for a particular job

What is an apprenticeship?

On the job training for practical jobs such as trades

What is a good way to save money when grocery shopping?

Buy store brands eg. "you'll love coles", Look for the price per 100g

Payment made by the bank for using $ deposited in an account

Production, distribution &consumption of goods and services.

What is a certificate of competency?

Certificate to be able to perform jobs like crane driver

what is an entrepreneur

Someone who starts a business on their own

What are 3 disadvantages to shopping online?

Security, too much choice, risk of not getting what you want

Something you cannot live without

What are communication skills?

Write Effectively, Verbally explain ideas

A service provided to you by another person for money

How can you legally make money at age 12-14?

Mowing lawns, washing cars, babysitting, a paper round, etc.

What is a bachelor degree?

Generally a 3-4 year course you do at university

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Economics for Year 7/8 Australia

30 termsStudBud Administration320 plays

A pop quiz about basic economics including some fun questions you wouldn't find in a text book

Flashcards30 cardsFPractice quizPHost liveL

Questions 30

Answers

1
What should we look for to know a site is secure?
Answers 1 and 3 are correct
A "s" in https
A sign that says "you're our 99th shopper"
A padlock
2
According to Miss Barrow, when should you never go shopping?
When it's raining
Early in the morning
When you're hungry
When the shops are closed
3
What is an employer?
A person who hates working
A person who works
A person who likes working
A person who hires employees
4
What is an advantage to shopping online?
All of the above
Delivery straight to your home or workplace
Hard to find items
Convenience and price
5
What is a good?
A service provided to you by another person for money
Something that's good
An item you can physically hold/buy
Something you don't need
6
What is income?
Money you get for winning competitions
Money received from not working
When you come to work
Money received on a regular basis from working in a job
7
At what age can you legally work for an employer?
14 and 9 months
10
15 and 10 months
18
8
What is an ATM?
Automatic Talking Man
Automatic Teller Machine Machine
Automatic Teller Machine
Auto Train Map
9
What is fraud?
A criminal offence where one person tricks another to get $$
Money if you find you can keep
A legal way of taking money
An amount of money from a fraudster
10
What is a withdrawel?
Money that is put into an account
Something you put in a drawer
An amount of money taken out of a bamk account
A saving's account
11
What is a want?
Something you have to have
Something you don't need to survive
Something you need to survive
Someone who wants things
12
What is a diploma?
A piece of paper
A piece of cheese
A qualification that develops skills for a particular job
A qualification that helps you become a clown
13
What is an apprenticeship?
A job where you make stuff
A course you can take
On the job training for practical jobs such as trades
A tv show
14
What is a good way to save money when grocery shopping?
Looking for the most expensive products
Buy store brands eg. "you'll love coles"
Look for the price per 100g
Only buy known brands
15
True or False, shopping online, you have the same legal rights as shopping in a real shop?
False
True
16
True of False.Personal qualities like being patient, responsible are important to finding work?
True
False
17
What is interest?
When something is interesting
Payment made by the bank for using $ deposited in an account
18
Economics is?
Money
Study of places &relationships between people &environments.
The study of Econs
Production, distribution &consumption of goods and services.
19
What is a certificate of competency?
Certificate to be able to perform jobs like crane driver
A paper that makes it legal for you to drive a fast car
A paper that says "i can do stuffs"
A certificate you get from going to uni for 5+ years
20
what is an entrepreneur
Someone who holds shares in a business
Someone who doesn't work for money
Someone who entrepre's
Someone who starts a business on their own
21
What are 3 disadvantages to shopping online?
Shopping online is dodgy as
It's cold in my house, going outside, let's go ride bikes
Too little choice, getting ripped off, too expensive
Security, too much choice, risk of not getting what you want
22
What is a need?
Someone who is needy
A penguin
Something you can live without
Something you cannot live without
23
What is the symbol for "Australian dollars"?
USD
AUS
AUSD
AUD
24
What are communication skills?
Write Effectively
Being good at online chat
Verbally explain ideas
Not talking to anyone
25
What is a service?
A service provided to you by another person for money
Something that you do yourself
A service you get for free
Something you can hold
26
Identity thieves can take what from you?
Your money
All of the above
Your personal details
Your identity
27
What is impulse buying?
Only buying things on sale
Unplanned spontaneous buying
Unplanned purchase of Impulse spray
Giving money to people quickly
28
How can you legally make money at age 12-14?
Working at McDonalds
Stealing
Becoming a professional complainer
Mowing lawns, washing cars, babysitting, a paper round, etc.
29
What is a deposit?
Money placed in a bank account
Money placed in a wallet
Money you take out of the bank
Money you can keep
30
What is a bachelor degree?
Generally a 3-4 year course you do at university
A certificate of employment
Something you do at TAFE
When you're really good at watching The Bachelor

Economics for Year 7/8 Australia Flashcards | StudBud