Az ROC Trade Exam B-3 License UPDATED Exam
Questions and CORRECT Answers
how are laws made - ANSWER- passed thru house of reps and senate to be voted on
how do laws establish boundaries - ANSWER- demonstrates the acceptable and tolerated behaviour
expected in society and demonstrates what cannot be done
how do laws help w/ freedom - ANSWER- demonstrates what we can do and what we are entitled to
how do laws help w/ protection - ANSWER- protects society from actions of others that can be harmful
as it tells us what we can't do
how do laws resolve disputes - ANSWER- outlines duty of care and provides police force and court
system that can enforce rules
how do u determine whether duty of care was breached - ANSWER- all reasonably foreseeable steps
were not taken
how does voting work in aus - ANSWER- first past the post, preferential, proportional
laws in house of reps - ANSWER- goes thru three readings and two votes (must be majority) changes can
be made
laws in senate - ANSWER- goes through same stage but if changes are made must go back to the house
of reps
what are changes in business cycle called - ANSWER- production, income, spending cause rises and falls
and are caused by changes in consumption investment and gov
what are changes in demand - ANSWER- Increase - (rightward shift) high equilibrium price and quantity
Decrease - (leftward shift) lower equilibrium price and quantity
Az ROC Trade Exam B-3 License UPDATED Exam
Questions and CORRECT Answers
, Az ROC Trade Exam B-3 License UPDATED Exam
Questions and CORRECT Answers
what are changes in supply - ANSWER- increase goes to the right and is a decrease in price but an
increase in quantity
decrease goes left and increases in price but decrease in quantity
what are expenditures - ANSWER- when hosueholds spend money
what are exports - ANSWER- goods produced domestically and sold abroad
what are imports - ANSWER- goods brought into a country
what are indictable offences - ANSWER- More serious offences heard by a judge and jury in a county or
supreme court.
what are injections - ANSWER- Introduction of income into the flow. Investment, government spending,
exports.
what are juries - ANSWER- Citizens decide whether a person is guilty or innocent in a dispute.
what are key features of contraction - ANSWER- less production, decreasing spending, inflation fall,
wages fall, more unemployment
what are key features of expansion - ANSWER- spending, production, high wages, high inflation, high
employment
what are laws reflective of - ANSWER- attitudes belief and culture of different societies
Az ROC Trade Exam B-3 License UPDATED Exam
Questions and CORRECT Answers
Questions and CORRECT Answers
how are laws made - ANSWER- passed thru house of reps and senate to be voted on
how do laws establish boundaries - ANSWER- demonstrates the acceptable and tolerated behaviour
expected in society and demonstrates what cannot be done
how do laws help w/ freedom - ANSWER- demonstrates what we can do and what we are entitled to
how do laws help w/ protection - ANSWER- protects society from actions of others that can be harmful
as it tells us what we can't do
how do laws resolve disputes - ANSWER- outlines duty of care and provides police force and court
system that can enforce rules
how do u determine whether duty of care was breached - ANSWER- all reasonably foreseeable steps
were not taken
how does voting work in aus - ANSWER- first past the post, preferential, proportional
laws in house of reps - ANSWER- goes thru three readings and two votes (must be majority) changes can
be made
laws in senate - ANSWER- goes through same stage but if changes are made must go back to the house
of reps
what are changes in business cycle called - ANSWER- production, income, spending cause rises and falls
and are caused by changes in consumption investment and gov
what are changes in demand - ANSWER- Increase - (rightward shift) high equilibrium price and quantity
Decrease - (leftward shift) lower equilibrium price and quantity
Az ROC Trade Exam B-3 License UPDATED Exam
Questions and CORRECT Answers
, Az ROC Trade Exam B-3 License UPDATED Exam
Questions and CORRECT Answers
what are changes in supply - ANSWER- increase goes to the right and is a decrease in price but an
increase in quantity
decrease goes left and increases in price but decrease in quantity
what are expenditures - ANSWER- when hosueholds spend money
what are exports - ANSWER- goods produced domestically and sold abroad
what are imports - ANSWER- goods brought into a country
what are indictable offences - ANSWER- More serious offences heard by a judge and jury in a county or
supreme court.
what are injections - ANSWER- Introduction of income into the flow. Investment, government spending,
exports.
what are juries - ANSWER- Citizens decide whether a person is guilty or innocent in a dispute.
what are key features of contraction - ANSWER- less production, decreasing spending, inflation fall,
wages fall, more unemployment
what are key features of expansion - ANSWER- spending, production, high wages, high inflation, high
employment
what are laws reflective of - ANSWER- attitudes belief and culture of different societies
Az ROC Trade Exam B-3 License UPDATED Exam
Questions and CORRECT Answers
