Production Possibility Curve
Circular flow of income
Government Intervention and economic activity
Supply and demand
General
100

What does B, D, C represent?

Production is efficient. 

100

What does the circular flow of income represent?

Demonstrates how money moves from producers to households and back again in an endless loop.

100

What is the key role of a fiscal policy?

All based around the budget. Governments way of stimulating the economy 

100

A commodity that will be purchased in a market over a given time at a given price. 

Demand

100

What countries made up the original Axis powers in World War II?

Germany, Italy, Japan

200

What does X represent?

Potential growth.

200

True or false

Money just moves around and changes forms.

True.

200

What is the key role of a monetary policy?

Policies that are influenced by the Reserve Bank of Australia.

200

List 2 factors that would influence demand.

Price

Income

Tastes

Population changes

Expectations

200

What's the city with the most diversity in terms of language? (hint: It's in America)

New York City

300

What does A represent?

Underutilisation of production.

300

What does Y stand for in the circular flow of income?

Income.

300

What does 1 represent?

Boom or peak.

300

Redraw this S&D if a new oil well was found off the coast of the Gold Coast. How would this impact the graph. 

Teacher to check

300

Which Disney Princess talks to the most animals?

Snow White

400

What would move the PPC outwards to the right?

Overall production increase.

400

What do the following letters stand for:

C + I + G + X

Consumer expenditure

Investment

Government spending

Exports

400

What does 3 represent?

A contraction or downturn.

400

Redraw this graph if it represented a change in consumer purchases of Dreamworld passes after the death in 2016.

Teacher to check

400

Name one member of the the best band in the world "The Beetles"

John Lennon, 

Paul McCartney, 

George Harrison, 

Ringo Starr

500

What is the purpose of of a PPC?

A graph that shows all of the different combinations of output that can be produced given current resources and technology.

500

What would cause the circular flow of income or economy to expand?

Injections are greater than leakages. 

500

What does 4 represent?

Recovery.

500

Redraw this graph if the demand and supply both increase.

Teacher to check.

500

How old am I?

24

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