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15
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What two innovations have increased globalisation?
Transport and communication
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15
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Name 2 costs of globalisation
Increases competition for some jobs, outsourcing, environmental
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15
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Which part of the economy grows much of the food you eat?
Agricultural
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15
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How does division of labour lead to specialisation?
It allows a company, group or person to focus on a specific task
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15
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If there is low demand for a product, business will be forced to _____ prices to attract customers?
reduce/lower
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lifesaver
Give 10 points!
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gold
Win 50 points!
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shark
Other team loses 15 points!
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baam
Lose 15 points!
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15
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Which one of these is a need?
Cinema tickets, iPad, food, piano lessons
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15
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What is a consumer?
A person or company who buys a good or service
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15
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What incentive to banks give people to save?
Interest earned on savings
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15
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What are imports and exports?
Imports are goods brought in from another country and sold here, exports are goods shipped abroad and sold there
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15
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Which part of the economy gets people and goods from place to place in cars, trains and planes?
Transportation
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15
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Which one of these is a want?
Water, holiday, shelter, food
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15
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If the price of a video game was $40 last year but inflation is 5%, what is the price now?
$48
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thief
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25
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star
Double points!
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rocket
Go to first place!
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thief
Give points!
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25
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banana
Go to last place!
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star
Double points!
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rocket
Go to first place!
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baam
Lose 20 points!
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15
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What is an innovation?
A new invention or way of doing things
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