Public Enterprises and Other Roles in the Economy (HSC SSCE Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
What are government business enterprises (GBEs)?
What are government business enterprises (GBEs)?
Commercial orgs owned by government
What was the main rationale for privatising government business enterprises?
What was the main rationale for privatising government business enterprises?
Private companies would operate more efficiently
Which feature is key to corporatisation of public enterprises?
Which feature is key to corporatisation of public enterprises?
Independent management teams
By approximately how much did rail freight charges fall after GBE reforms?
By approximately how much did rail freight charges fall after GBE reforms?
50%
What factor is critical for achieving efficiency gains in reformed industries?
What factor is critical for achieving efficiency gains in reformed industries?
Competition, not ownership structure
What does workable competition policy aim to achieve?
What does workable competition policy aim to achieve?
Maximum competition given industry features
What is the primary role of the ACCC?
What is the primary role of the ACCC?
Ensure businesses don't act anti-competitively
When was the Australian Consumer Law established?
When was the Australian Consumer Law established?
2011
Which resources can regenerate and allow indefinite use with sustainable management?
Which resources can regenerate and allow indefinite use with sustainable management?
Renewable resources like timber and fish
What renewable energy percentage target did the RET aim to achieve by 2020?
What renewable energy percentage target did the RET aim to achieve by 2020?
23.5%