Oxford Big Ideas Economics and Business Quiz for Grades 9-10

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10 Questions

What is the main focus of economics according to the text?

Maximizing the goods and services produced with limited resources

What is the title of Chapter 18 in the economics and business book mentioned in the text?

Measuring Australia’s economic performance

When is the license for the mentioned book set to expire?

2022-12-31

What is the unit number for the chapter 'The business environment' in the mentioned book?

20

What is the date mentioned in the text for the 'growing food' chapter?

22/09/2016

What is the term used for government revenue being exactly equal to expenditure?

Balanced budget

How does a deficit budget differ from a balanced budget?

Government revenue is less than government expenditure

What is the term used for government revenue being greater than government expenditure?

Surplus budget

When does the Australian government usually deliver the budget?

May

How does the federal budget affect Australians' living standards?

It affects personal budgets through changes in taxes and spending

Test your knowledge of economics and business concepts and skills with this quiz based on the Oxford Big Ideas textbook for Economics and Business, Civics and Citizenship for grades 9 and 10. This quiz covers topics such as enterprising behaviors, capabilities, and measuring the Australian economy. Ideal for students following the Australian curriculum.

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