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Economics of Australia Review
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3 pages

Economics of Australia Review

Even though Australia has great economic freedom, the government requires some products to meet safety and manufacturing standards. This means that overall Australia's economy can BEST be classified as a: mixed economy.. Using this chart, you can conclude that in Australia's economy: buyers and sellers determine what goods are made.. The literacy rate in Australia is 99%. What does this mean: It means that 99% of all people in Australia over the age of 15 can read and write.. What are the four factors which affect a country's economic growth: natural resources, human capital, capital goods, and entrepreneurship. What helps increase entrepreneurship: increasing investment in human capital. Who is a person who takes a risk to start a business: Entrepreneur . The market value of all final goods and services produced in a country in a calendar year: Gross Domestic Product. A good that gets shipped to another country is called an ____________________________: export. An ________________________ are goods brought into a country: import. Which of the following includes the knowledge, skills, education and talent people bring to work: human capital. What is scarcity: When there is a small amount of something available.. Which is an example of a capital good: a factory. Australia’s early Aborigines made economic decisions based on customs or beliefs . This would be an example of a : traditional economy.. What has helped Australia to have a high GDP: modern factories and technology. Tariffs and quotas are alike because they both: restrict or limit trade between countries.. Which trade barrier discourages trade by placing a tax on foreign goods: Tariff. What is an important role of entrepreneurs in the Australian economy: They provide new jobs for Australian workers.. Which is an example of investing in capital goods by a company? : buying new computers to build products more quickly. Who sets the price for goods in Australia: Buyers and sellers agree upon price.. Who is Australia's biggest trading partner: China

Grade:Grade 5_AI - Grade 7_AI
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Japan
Verified
3 pages

Japan

What was the first dynasty of China? Shang. A natural barrier to China in the west was the Himalaya mountains. The natural boundary to the east of China is the Pacific Ocean. The northern China plain is mostly part of the Huang He river valley that allowed farming and civilization to develop.. What part of China could be considered tropical? Southeast. The Shang dynasty was well known for creating China's first writing system made of more than 2000 symbols.. Check all boxes that include Shang achievements. jade knives. The Shang dynasty was overthrown by a rebellion. What dynasty began after this occurred? Zhou. The idea that rulers were chosen by heaven to rule China would become known as mandate of heaven. In the Zhou dynasty, rulers were of the belief that all property belonged to the government.. From 771 BC until 221 BC, China fell into a chaotic period in which there was no central government or emperor. What is the name of this period? The Warring States Period. Known as "The First Emperor" Shi Huangdi. Shi Huangdi all of the above. Check all boxes that indicate what was done by emperor Shi Huandi during the Qin dynasty. Constructed the Great Wall of China. The first emperor of the Han dynasty was Liu Bang. Liu Bang was well liked by soldiers and peasants for what reasons shown below? His punishments were less severe than past emperors.. A philosophy that emphasized ethics and moral values such as respect for elders and loyalty to family. Confucianism. Who made Confucianism China's official government philosophy? Wudi. What percent of the Chinese people were peasants? 90%. Long literary works were written by poets in China. The most popular style was... fu style. Taking small needles and inserting them through skin to cure disease or relieve pain. Acupuncture. A primitive clock that uses sun shadows to tell the time of day. sundial. Though they may have been wealthier than other classes of people, they were considered to be the bottom of the social classes because of Confucianism. Merchants

Grade:Grade 6_AI - Grade 8_AI
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