9 Global Connections 3

An economic system where resources are owned by the government, but individuals decide what to make and who to sell it to is a...

• Market capitalist economy

• Subsistence economy

• Market socialist economy

• Planned capitalist economy

An economic system where the participants own their resources, produce and sell the products of their choice and earn the profit that is generated is a...

• Market capitalist economy

• Subsistence economy

• Market socialist economy

• Planned capitalist economy

The feature of the circular flow diagram labelled "a" is...

• Savings

• Investments

• Economic Resources

• Government Spending

The feature of the circular flow diagram labelled "b" is...

• Leakages

• Investments

• Economic Resources

• Government Spending

The feature of the circular flow diagram labelled "c" is...

• Savings

• Overseas sector

• Economic Resources

• Business Sector

The feature of the circular flow diagram labelled "d" is...

• Imports

• Overseas sector

• Injections

• Business Sector

The feature of the circular flow diagram labelled "e" is...

• Leakages

• Taxation

• Injections

• Business Sector

The 3 Economic Indicators are...

• Inflation, Enterprise and Unemployment

• Economic Growth, Imports and Capital

• Unemployment, Economic Growth and Resources

• Economic growth, Inflation and Unemployment

The ideal rate of Economic growth for an economy (and therefore the aim) is...

• 3-4%

• Under 5%

• 2-3%

• Over 5%

Australia's target rate for unemployment is...

• 3-4%

• Under 5%

• 2-3%

• Over 5%