Edit Game
Australia Economy Reading
 Delete

Use commas to add multiple tags

 Private  Unlisted  Public





 Save   24  Close
Who is given special treatment by Australia's government?
Farmers of wheat and some other crops
Why does Australia only have a few trade barriers?
Australia wants to encourage trade with other countries.
Give an example of an embargo Australia has participated in.
In 1998, Australia put an Embargo on weapons being shipped to Yugoslavia.
True or False: The United States is closer to a command economy than Australia.
True
True or False: Canada is closer to a Market Economy than Australia.
False
Why does specialization encourage trade?
It allows people to work more efficiently
What natural resources does Australia trade with China?
Coal and iron ore
What industry is Australia developing?
Cotton
When is summer in Australia?
December to March
What country do most international tourist to Australia come from?
New Zealand
What country do most international tourist to Australia come from?
New Zealand
What country do most international tourist to Australia come from?
New Zealand
What makes it expensive for people to visit Australia from other countries?
Australia's location
What country’s growth has a direct impact on the Australian economy?
China
What type of system does Australia’s mixed economy lean toward?
Market
Australia has one of the ________________ economies in the world.
Freest
What do the courts use the laws for in Australia?
Protect the property rights of citizens
What are 2 other names for a market economic system?
Free enterprise, capitalism, laissez-faire
In the past what did the government of Australia own?
Telecommunications Companies
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.
What type of economic system was found in the culture of the Aborigines in Australia?
Traditional Economic System
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
What are the 3 basic economic questions?
1. What to produce? 2. How to produce? 3. For whom to produce?
What economic problem must every country deal with?
Scarcity