Does Australia import or export the following: Doc Martens Boots
Import
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15
What are leakages in the economy?
Savings, taxation and imports.
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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
Give an example of when businesses will borrow money?
Expand business (purchasing new equipment or relocating) - Starting a business
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15
True or false? In a recession businesses compete for scarce labour resources, therefore employees are in a strong bargaining position.
False
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15
Does Australia import or export the following: Doc Martens Boots
Import
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lifesaver
Give 25 points!
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gift
Win 15 points!
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rocket
Go to first place!
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thief
Give points!
5
10
15
20
25
15
Which of the following best describes the term "liquidity" in finance? A) The ability to pay off debt B) The amount of cash a company has on hand C) The ease with which an asset can be converted to cash D) The amount of debt a company has
C
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15
What are the 3 government sectors?
Local, State, Federal
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heart
Other team wins 20 points!
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shark
Other team loses 20 points!
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rocket
Go to first place!
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banana
Go to last place!
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15
Define scarcity
When there is a less-than-optimal supply of a resource in circulation
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15
How many people are in a small business
5-19
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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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15
What is a market?
Any situation in which buyers and sellers come together to exchange goods or services
