Australia Economy

The percentage of Australians working in agriculture is 3.6%. What conclusion can you draw from this fact?

• Most Australians work on cattle stations.

• Most Australians work in urban areas.

• Most Australians live in the Outback.

• Most Australians work on farms.

Australia is working to strengthen ties with its immediate neighbors. Based on location, with what country is Australia MOST LIKELY trying to trade?

• China

• Brazil

• United States

• United Kingdom

Which was an effect of British settlement of Australia?

• Aborigines remained in their homelands.

• Many Aborigines became factory workers in order to survive.

• Thousands of Aborigines died of diseases from the Europeans.

• Aborigines were elected to positions in the colonial government.

Which country’s culture had the greatest impact on the language and religion of Australia

• Portugal

• United Kingdom

• Spain

• United States

What is a result of Aborigines having a lower literacy rate than those of European descent?

• The Aborigines standard of living is higher.

• The Aborigines standard of living is lower.

• The Aborigines standard of living is the same.

• The Aborigines have better jobs.

Why do Australians have to exchange currency in order to trade with other countries?

• Australian banks need the money.

• It makes sure that buyers and sellers are treated fairly.

• Transporting goods to other countries is expensive and time-consuming.

• Businesses in other countries use their own currency, not Australian dollars.

Which action by the Australian government would make its economy less like a mixed economy and more like a pure market economy?

• a limit on salt imports of 80 tons per year

• a 10 percent tax on all wool bought from European countries

• the decision to let supply and demand set the price of gasoline

• the addition of a $500 fee for all automobiles imported into the country

Australia’s early Aborigines made economic decisions based on customs or beliefs . This would be an example of a __________________.

• market economy.

• free enterprise system.

• traditional economy.

• command economy.

What has helped Australia to have a high GDP?

• poor healthcare

• modern factories and technology

• natural resources that are hard to develop

• workers with low-paying jobs

Tariffs and quotas are alike because they both

• make trading a lot easier between countries

• increase trade between countries.

• completely stop trade between countries.

• restrict or limit trade between countries.