Law
Give an example of civil law
Breach of contract dispute e.g. suing a builder for failing to finish renovations
What are the main purposes of the seperation of powers?
It pevents corruption by ensuring no single sector or institution holds total control over the nation
What are leakages?
Money leaving the circular flow of the economy
Which combination of policies would most likely be used to stimulate the economy?
Expansionary fiscal policy and expansion monetary policy
What is required for a referendum to succeed?
Achieve a double majority
Which level of government is responsible for making laws about defence and immigration?
Federal government
What are injections?
Money entering the circular flow of economy
What is the method of dispute resolutions that involves in an independent third party?
Arbitration
What is the voting system used to elect members of the house or representatives?
Preferential voting system, requiring a double majority
What is a way people can participate in politics other than voting?
Actively shape laws, public debates and community outcomes
What businesses cycle is characterised by falling GPD?
A recession
What is ADR?
Alternative Dispute Resolution which is a method of resolving disputes without court
What is the difference between statue and common law?
Statue law is created by government and common law is developed by judges
Why does Australia have three levels of government?
Divide responsibilities
What is a mixed economy?
Combines private business activity with government involvement
What is an employees' right?
Unfair Work Act 2009
What is the difference between a referendum and plebiscite?
Referendum changes the constitution and plebiscite is an advisory vote for testing opinions
What is an advocacy group?
An organised group of people who campaign to influence government policy or public opinion
What is an example of fiscal policy?
Federal government increasing spending on infrastructure through the Federal Budget
What is the main role of the ACCC?
Enforces competition and consumer protection laws