Australia Economy Reading | Baamboozle - Baamboozle

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Australia's Economy

Study Slideshow

What economic problem must every country deal with?

Scarcity

15

What are the 3 basic economic questions?

1. What to produce? 2. How to produce? 3. For whom to produce?

25

In a traditional economy what are used to decide what and how goods will be produced, distributed, and consumed?

Customs and Habits of the past

15

What type of economic system was found in the culture of the Aborigines in Australia?

Traditional Economic System

15

What is the expectation in a command economy?

That everyone in the country will be able to have the goods they need when they need them.

15

In the past what did the government of Australia own?

Telecommunications Companies

15

What are 2 other names for a market economic system?

Free enterprise, capitalism, laissez-faire

25

What do the courts use the laws for in Australia?

Protect the property rights of citizens

15

Australia has one of the ________________ economies in the world.

Freest

15

What type of system does Australia’s mixed economy lean toward?

Market

15

What country’s growth has a direct impact on the Australian economy?

China

15

What makes it expensive for people to visit Australia from other countries?

Australia's location

15

What country do most international tourist to Australia come from?

New Zealand

15

What country do most international tourist to Australia come from?

New Zealand

15

What country do most international tourist to Australia come from?

New Zealand

15

When is summer in Australia?

December to March

15