9 ECB T1 Revision

What is the term for the following definition: 'the production, distribution and consumption of goods and services, and the supply of money of a country or region (e.g. Australia)'?

• Economy

• Geography

• Democracy

• Ecology

What is the term for the following definition: 'the level of economic activity of the world’s individual countries considered together, as a single economic system.'?

• Global Economy

• National Budget

• Local Market

• Regional Trade

What is the term for the following definition: 'An organisation, enterprise or business engaged in the production and trade of goods and services.'?

• Business

• Employee

• Consumer

• Government

Fill in the blank: ______ are items that you purchase (e.g. pens, pencils, computers).

• Good

• Services

• Experiences

• Ideas

Fill in the blank: ______ is an activity provided by another person (e.g. washing a car, teaching).

• Service

• Product

• Material

• Tool

Which of the following best defines 'Good'?

• An activity provided by another person (e.g. washing a car, teaching)

• Items that you purchase (e.g. pens, pencils, computers)

Which of the following best defines 'Service'?

• Items that you purchase (e.g. pens, pencils, computers)

• An activity provided by another person (e.g. washing a car, teaching)

Which of the following is an example of a good or service that Yeppoon offers?

• Tourism services

• Automobile manufacturing

• Space exploration services

• Oil drilling operations

Identify the correct way to choose 5 items in the classroom and find out where they were made.

• Select 5 items in the classroom and check their labels for the country of manufacture.

• Guess the country of manufacture for any 5 items in the classroom without checking.

• Choose 5 random items from outside the classroom and identify where they were made.

• Select only electronic items in the classroom and identify their brand.

Australia is known for making/providing:

• Wool and opals

• Swiss chocolate

• Japanese electronics

• French wine