Macroeconomics
Document that outlines government priorities for the coming year.
What is a budget?
Monetary measure of the market value of all the final goods and services produced and rendered in a specific time period by a country
What is Gross Domestic Product?
Taxes on imports
What are tariffs
A specific group of potential customers who a business aims to reach with its products or services
What is a target market?
Paid, non-personal message communicated through a mass medium.
What is advertising?
Island that lemurs come from.
What is Madagascar?
Personal income and company tax
What is a direct tax?
Acceptable rate of GDP increase per year
What is 3-4%?
Agreements that involve three or more nations.
The prominent display of products in movies or television programs.
What is product placement?
What is social media advertising?
What is a chameleon?
Level of government receipts is greater than the level of government expenditure
What is budget surplus?
The manner in which earnings is divided amongst participants in the economy
What is income distribution?
Greater product choice for consumers is a benefit of
What is globalisation?
The use of sporting stars and media personalities to promote a good or service.
What is product endorsement
Males and females are frequently portrayed in advertising in ways that appeal to certain sections of the population
What is the role of gender in product promotion?
Gift given on the 5th day of Christmas.
What is 5 golden rings?
Government incoming money used to pay for budget spending
What are receipts?
Income from labour such as wages
What is earned income?
Government gives its local industry an artificial advantage over its competitors
What is protectionist policy
A term used to describe wildly exaggerated, fanciful or vague claims about a good or service that no one could possibly treat seriously or find misleading.
What is puffery?
A business advertises items for sale at a low price to attract customers, but the items are not available in reasonable quantities.
What is bait and switch advertising?
This composer’s works include “The Magic Flute” and “The Marriage of Figaro.
Who is Mozart?
Rates changed by the RBA to change how money is spent in the economy
What are interest rates?
Growing an economy without jeopardising the living standards of future generations
What is environmental sustainability?
A good or service bought in one country that was produced in another.
What is imports?
Service, Value, Convenience, Social, Environmental
Factors which differentiate products
Developing and advertising products based on their real or perceived environmental sustainability.
What is green advertising?
This animal is a shell-less gastropod?
What is a slug?
Taxes and spending form the basis of this
What is fiscal policy?
Households, firms, the financial sector, the government sector and the international sector
What is the circular flow model?
Consumers want products that can meet their needs instantly.
What is convenience?
Leader of the Autobots
What is Optimus Prime?