-Falling levels of production - Rate of inflation may fall - Wages fall - Unemployment rises - Interest rates fall - Decreased consumer spending
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20
The process by which the world is becoming increasingly interconnected as a result of increased trade and cultural exchange is also known as what?
Globalisation
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15
Define scarcity
When there is a less-than-optimal supply of a resource in circulation
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25
Fill in the blanks for all numbers
1. Investment 2. Overseas Sector 3. Government 4.Expenditure Injections
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15
Which of the following is an advantage of being self employed? A Can work own hours B Has decision making ability C Determines the type of work that they can complete D All of the above
Can work own hours Has decision making ability Determines the type of work that they can complete D All of the above
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boom
Lose 50 points!
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seesaw
Swap points!
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fairy
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banana
Go to last place!
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15
Does Australia import or export the following: Doc Martens Boots
Import
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10
What is the sector that includes Imports (M) and exports (X)
overseas sector
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thief
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fairy
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gift
Win 15 points!
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baam
Lose 25 points!
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15
What are Capital Gains?
Profits earned from the sale of stocks, bonds, or other investments
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20
What do injections and leakages assist with?
They help economists estimate the level of economic activity within an economy
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15
What Type of Business is Kfc
Large TNC
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15
What are Exports
Australian goods sold to overseas countries
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15
What does the 5 sector flow model show?
How money goes in and out of an economy OR Shows how money is being distributed between the 5 sectors
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25
What does CSR stand for and what do they do?
CSR stands for Corporate Social Responsibility CSR is a management concept for businesses consider the interests of stakeholder, society and the environment
