Exam

Question 1

Name the 3 levels of government?

Answer 1

Federal, State and Local

Question 2

Federal, State and Local governments look after…

Answer 2

Federal cares for all Australia- immigration, defence
State cares for each state- hospitals, education, police
Local cares for each municipality- roads, parks, waste

Question 3

What is an electorate?

Answer 3

Areas that are represented by a member of the HoR

Question 4

Name the two houses of parliament?

Answer 4

The Senate (Upper House)
The House of Representatives (Lower House)

Question 5

What are the two houses colours?

Answer 5

Red (Sen), Green (HoR)

Question 6

What is a democracy?

Answer 6

A system of government where everyone has a say in which who represents the country and its views

Question 7

What are the two main voting systems?

Answer 7

Preferential and Simple Majority

Question 8

Who is allowed to vote in Australia?

Answer 8

Anyone over 18

Question 9

Name the four main political parties and their key principles or focuses

Answer 9

Liberal (progression), Labour (conservative), Greens (the environment) and One Nation (radical conservative)

Question 10

Who is the governor general?

Answer 10

Representative of the Crown in a Commonwealth country at Federal level

Question 11

What is a constitution?

Answer 11

A number of fundamental rules that a country is governed by

Question 12

What is representative democracy

Answer 12

One person representing our views

Question 13

What is a government?

Answer 13

A group of people who make rules and create order so a society is run effectively

Question 14

What is a referendum?

Answer 14

A process to change the constitution

Question 15

What is a senator?

Answer 15

An elected representative in the Senate

Question 16

What is a governor?

Answer 16

Someone that represents the crown at a state level

Question 17

What is a minister and prime minister?

Answer 17

Prime minister is the leader of the country while ministers are responsible for certain areas of government; minister for education

Question 18

What is a petition?

Answer 18

A formal request for parliament to take action

Question 19

Name the three functions of government

Answer 19

Executive function, Legislative function and Judicial function

Question 20

What are the three functions?

Answer 20

Executive- Administering the rules developed to benefit the whole community
Legislative- Making the rules
Judicial- Judging if the rules have been broken and consequences

Question 21

What is Criminal and Civil law?

Answer 21

Criminal- concerned with cases where a person has committed an offence against the community

Civil- a dispute between two private individuals

Question 22

Give examples of Civil and Criminal offences

Answer 22

Criminal- Against the State eg. Treason
Against a Person eg. Assault
Against Property eg. Theft
Against Public Order eg. Offensive language
Civil-
Ownership of Property
Divorce settlements
Contracts
Negligence 
Defamation

Question 23

What is Defamation?

Answer 23

Harming a person’s reputation

Question 24

What are the 3 economic questions?

Answer 24

1. What to produce
2. How to produce
3. For whom to produce

Question 25

What is Inflation?

Answer 25

Prices going up steadily over time

Question 26

What are the 2 primary forms of economies?

Answer 26

Mixed Markert Economy and Planned Economy

Question 27

What is a Market?

Answer 27

A situation where potential buyers are in contact with potential sellers and there is a means of exchange

Question 28

What is Scarcity?

Answer 28

Limited resources for unlimited demand

Question 29

What are Resources?

Answer 29

An asset used to produce products and resources

Question 30

What is Opportunity Cost?

Answer 30

A lost alternative use, eg. build stadium on land the OP would be building a park

Question 31

What is Consumer Sovereignty?

Answer 31

Consumer is king in deciding where resources are allocated in the market

Question 32

What is Needs?

Answer 32

Needs- Necessary goods and services eg. Food, water, shelter

Question 33

What is Wants?

Answer 33

Wants- Things we don’t necessarily need but we would buy it eg. Clothes, toys, games

Question 34

What is Public Sector?

Answer 34

Part of the economy concerned with providing governmental services

Question 35

What is Private Sector?

Answer 35

Part of the economy that is run by private individuals or groups, usually as a means of profit and it is not controlled by the government

Question 36

What is a Market?

Answer 36

A situation where potential buyers are in contact with potential sellers and there is a means of exchange

Question 37

What is Corporate Social Responsibility?

Answer 37

A system of business that contributes to sustainable development

Question 38

What are Economic Resources?

Answer 38

Goods and services available to individuals and businesses used to produce products

Question 39

What is Oversupply and Shortage?

Answer 39

Oversupply- When there is too much of a product the price will drop and therefore people would be less likely to make it Shortage- not enough supply for the demand. Means the price I raised and producers are more likely to make it

Question 40

What is Equilibrium?

Answer 40

A state in which supply and demand are balanced

Question 41

Name the Factors that affect Demand

Answer 41

- Preferences - Incomes - Expectation for price to rise - Price of Substitutes - Price of Complementary

Question 42

Name the Factors that affect Supply

Answer 42

- Natural events - Price - Cost of Production

Question 43

What is a Sole Proprietor?

Answer 43

Owned by one person, income is assessed according to personal tax eg. Barber, milk bar

Question 44

What is a Partnership?

Answer 44

Owned by 2-20 people, income is assessed according to personal tax

Question 45

What is a Private Company?

Answer 45

Owned by 1-50 private shareholders, company pays tax for profits made, has Pty Ltd (Proprietary Limited) after its name

Question 46

What is a Public Company?

Answer 46

Shares are traded freely on stock exchange, everyone can own a part of the company

Question 47

What is a Small Business?

Answer 47

Less than 2 million profit and less than 20 people

Question 48

Names the Courts in Order

Answer 48

High Supreme County Magistrates

Question 49

Civil Laws are dealt with in each court

Answer 49

H- Constitutional Matters S- Unlimited Damages in Money Terms C- " " M- Up to $100,000 in damages

Question 50

Criminal Laws dealt with in each court

Answer 50

H- Constitutional Matters S- More serious offences such as murder and manslaughter C- Serious offences such as culpable driving and armed robbery M- Minor criminal offences such as assault and traffic offences

Question 51

What are Multinational Companies?

Answer 51

Large companies that operate in a number of countries

Question 52

Australian Trading Partners

Answer 52

Exports to China, Japan and Indonesia Minerals, Iron Ore, Coal and Natural Products such as Wheat and Wool Imports from Japan, China and the U.S.A. Cars, technology and white goods

Question 53

What are Tariffs?

Answer 53

Taxes to protect local producers. Imported products are taxed encouraging consumers to go local.

Question 54

What are Quotas?

Answer 54

A fixed or limited amount of people or things

Question 55

How many seats in the Lower House?

Answer 55

150

Question 56

How many seats in the Upper House?

Answer 56

76 senators, 12 from each state and 2 from each territory

Question 57

Is the PM in the Senate or the HoR?

Answer 57

HoR

Question 58

What are the names of the two houses in Victoria Parliament?

Answer 58

Legislative Council- 40 members | Legislative Assembly- 88 members