Business grade 8 about the government, national budget dates about direct and indirect tax, about bartering, about imports and exports and the foreign sector and about public and private companies and capital and oligopoly and monopolistic competition and monopolies and inflation for grade 8 business

When is the national budget usually announced in Australia?
July
January
October
March
Which of the following is an example of a direct tax?
Income tax
Sales tax
Property tax
Excise tax
What is bartering?
Which of the following is an example of an indirect tax?
Value-added tax (VAT)
Corporate tax
Excise tax
Property tax
What is the difference between imports and exports?
What is the foreign sector in economics?
The part of the economy that deals with international trade and foreign investments
The sector that focuses on domestic production
The sector that deals with government spending
The sector that includes only local businesses
What is a public company?
A company owned by the government
A company owned by individuals
A company focused on international trade
A company that operates in multiple industries
Which of the following is an example of a private company?
Apple Inc.
Coca-Cola Company
United Nations
McDonald's Corporation
What is capital in economics?
Financial assets or resources used in the production of goods and services
The total amount of money in circulation
The profit earned by a company
The cost of borrowing money
What is an oligopoly?
A market structure characterized by a few large firms dominating the industry
A market structure with many small firms competing
A market structure where there is only one seller
A market structure with no competition
What is monopolistic competition?
A market structure with many sellers offering differentiated products
A market structure with only one seller
A market structure with no competition
A market structure characterized by a few large firms dominating the industry
What is a monopoly?
A market structure with only one seller
A market structure with no competition
A market structure characterized by a few large firms dominating the industry
A market structure with many small firms competing
What is inflation?
The rate at which the general level of prices for goods and services is rising
The total amount of money in circulation
The profit earned by a company
The cost of borrowing money
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