Australia's Economy

What is Australia's currency called?

• aussie

• dollar

• pound

• euro

Australia's economy can best be described as

• Market Economy

• Command Economy

• Traditional Economy

• Mixed Market Economy

Which of the following countries experiences the most economic freedom?

• the United Kingdom

• Canada

• Germany

• Australia

Select all the examples of natural resources

• fresh water

• copper deposits

• fishing grounds

• steel mills

Australia's economy is dominated by the production and sale of

• services

• houses

• machinery

• clothing

Which of the following is not one of Australia's main imports

• cars

• refined petroleum

• pharmaceuticals

• iron

Due to its investment in capital goods Australia has a(n)

• high literacy rate

• high-performing economy

• abundance of natural resources

• lot of government regulations

Australia is involved in many FTA, what does FTA stand for?

• Free Trade Agreement

• Featured Trade Association

• Featured Trade Agreement

• Free Trade Association

Even though most of Australia's interior is a desert it still ranks 7th in

• fishing

• rainfall

• sheep farming

• arable farmland

What are the four factors which affect a country's economic growth?

• natural resources, literacy rate, per capita GDP, entrepreneurship

• natural resources, literacy rate, human capital, entrepreneurship

• natural resources, human capital, capital goods, and entrepreneurship

• natural resources, human capital, capital goods, literacy rate