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Economics of Australia Review
Verified
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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Pacific South America
Verified
2 pages

Pacific South America

The ____________________ is a wide plateau region that is located between the ranges of the Andes cordillera. altiplano. During colonial rule of Peru, a ___________________ was appointed by the king of Spain to be sure that the native people followed Spanish rules and customs. viceroy. The US supported a military ___________________ in Chile in the 1970s that removed a president who had some ideas influenced by communism. coup. Most of the population of Chile lives in the central region which includes the capital city, ________________________. Santiago. About every two to seven years, ____________________ causes heavy rains and flooding as well as having a negative impact on fishing in Pacific South America. El Nino. Creoles. ______________________, the capital city of Ecuador, is located high in the Andes Mountains. Quito. A ____________________ connects the Pacific Ocean to the Atlantic Ocean at the southern end of Chile. strait. Bolivia has two capital cities, _____________________ which is where the congress meets, and Sucre which is where the supreme court meets. La Paz. The ________________________ is one of the driest and cloudiest places in the world. Atacama Desert. Peru’s capital city of ____________________ is the largest city in Pacific South America. Lima. Which of these resources is Pacific South America lacking due to the cooler, dry climates? good farmland. As advanced as the Inca civilization was, it did not have… a written language. Which religion do most of the people of Pacific South America practice? Roman Catholicism. Which of these is the highest lake in the world that ships are able to cross? Lake Titicaca. Which conquistador helped the Spanish to defeat the Inca when he kidnapped and killed their king? Francisco Pizarro. What is the name for the large settlements of poor people near Lima, Peru which often grow into suburbs over time? young towns. The Shining Path… was a terrorist group in Peru in the 1980s and 1990s. What type of government do all of the countries of Pacific South America have today? democracy. Which is the only country in Pacific South America that is landlocked? Bolivia. What happens to climate and vegetation as elevation increases? colder and less vegetation. What are 2 reasons that the Inca had to use runners to deliver messages across their empire? no written language or wheeled vehicles

Grade:Grade 5_AI - Grade 7_AI
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