Australia's Economy: Checkpoint 1

Quick checkpoint - five questions on Australia's economy, its long expansion, reforms, the dollar and education exports.

Quick checkpoint - five questions on Australia’s economy, its long expansion, reforms, the dollar and education exports.

Question 1 of 5 What is Australia's largest export market?

China India Brazil Canada

Especially for iron ore.

Question 2 of 5 How long did Australia go without a recession?

Nearly 29 years 2 years 100 years It never had one

From 1991 to 2020.

Question 3 of 5 What did the Prices and Incomes Accord trade?

Wage restraint for social benefits Tariffs for quotas Mining for farming Nothing

It helped build Medicare and super.

Question 4 of 5 What does a commodity currency do?

Rises and falls with commodity prices Never changes Is fixed to gold Tracks the rupee

This cushions shocks.

Question 5 of 5 Why does international education count as an export?

Foreign students spend money in Australia Australia sends books abroad Universities are overseas It doesn't

It's a services export.

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