Australia Government and Economics Study Guide Key
1. The monarch of England is also the monarch of Australia. This makes her or him its head of state. In Australia, there has been debate on whether the monarch should be replaced by what? A republic president
2. Australia and New Zealand are both full members of which organization? British Commonwealth of Nations
3. The mixed economy of Australia is more of a market economy because fewer economic decisions are made by whom? The government
4. What are the voting laws in Australia? Every citizen who is at least 18 is required to vote
5. Most countries today operate under which economic system? Mixed
6. Why is the governor-general not considered to be the most powerful position in Australia? The governor-general’s role is mostly ceremonial with little real power.
7. Because the monarch of England is the head of state of Australia, but has little real power and parliament has most power, Australia has what type of government? Constitutional monarchy
8. Individual choice is a characteristic of which type of economic system? Free market
9. There are fewer choices for the consumer in which type of economic system? Command
10. How is the prime minister of Australia selected? By being the leader of Parliament’s majority
11. Who is the head of government in Australia? Prime Minister
12. Who acts as the figurehead of Australia? The Queen of England
13. What is considered an important investment in human capital? Healthcare and education
14. What role do citizens in Australia have in their governments? They elect members of Parliament.
15. The fact that you can get a business going in a few short weeks explains why Australia is close to which type of economic system? Market
16. Is there a president in Australia’s government? No
17. In which economic system are the production and distribution of goods owned by private individuals or corporations? Market
18. What is a huge barrier to trade in Australia? The distance of Australia from other countries
19. Buildings and machinery are considered which type of resources? capital