Macroeconomics Australia Study Set 1

Business

Quiz 2 :

The Australian and Global Economies

Quiz 2 :

The Australian and Global Economies

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Australia possesses a large amount of human capital. As a result of this fact, in Australia there is a
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C

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Which of the following is NOT considered one of the factors of production?
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D

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Which of the following is NOT considered an example of a capital good?
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E

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Human capital ________ as you work. As a result, the ________ of goods and services ________.
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Which of the following is a consumption good or service?
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Factors of production are the
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Which of the following correctly lists the categories of factors of production?
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The largest share of total production in Australia is
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An export good is a good produced
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As a factor of production, oil reserves are counted as
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The productive resource that includes all the 'gifts of nature' is called
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Which of the following has been the bigger contributor to increases in the quantity of labour in Australia during the past 50 years?
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The difference between consumption and capital goods is that
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The Melbourne Ski Shop, based in Melbourne, Victoria, sold 60 ski jackets to a Belgian company's headquarters located in Paris, France. The ski jackets are a(n)
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Human capital can be increased through
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What would be an example of a consumption good?
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Items that are purchased by individuals for their own enjoyment are called
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What would be an example of a government good?
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Items bought by businesses to help produce other goods and services are called
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Over time, the percentage of total employment in services has ________ and in agriculture employment has ________.
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