PMM/ECON/Australia Test Review #2

Match it! Select the correct answer from the pull down...Good luck!

(R19) “Producers and consumers have some freedom to make their own economic decisions, without much government interference in my country. The government has made certain products illegal, like heroin, for the purposes of public safety.”

(R48/R71) A ban on trade with a country

(R19) “I live in a hut that my family and I made of things we gathered from our surrounding environment. We don’t use currency, so we have to make or trade for the things we need to survive.”

Money that is owed

(R70) Today, Australia has what type of economic system?

(R19) “In my country, the government makes ALL the decisions about what is produced and who gets to consume what.”

(R64) The ability to borrow money

(R48/R71) A limit on the amount goods that can be imported