10. What does ACCC stand for? A. Australian Consumer and Competition Commission B. Australian Competition and Consumer Commission C. Australian Competition and Consumption Commission D. Association of Consumers and Competitors Commission 11. Outline the role of consumers in the economy.
ANALYSE AND APPLY 12. Analyse how the problem of scarcity arises. 13. Explain the concept of sustainability.
EVALUATE AND COMMUNICATE 14. Evaluate the relationship that producers and consumers have and its importance to the Australian economy.
15. Suggest why consumers need protection from the actions of producers. Answers and sample responses for this topic are available online.
TOPIC16 How markets work 585
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