9ECON 8. Trade

Australia’s economy makes up only _____________% of the world’s global production.

• 2

• 5

• 10

• 25

Goods and services produced locally and sold overseas.

• exports

• sale items

• foreign trade

• imports

Goods and services produced overseas and sold domestically.

• import

• export

• trade

• tariff

Which of the following is a major Australian export?

• telecommunications

• cars

• computers

• coal

Which of the following is a major Australian import?

• beef

• natural gas

• computers

• coal

Who is usually Australia's biggest trading partner?

• Korea

• New Zealand

• China

• England

According to the chart, which single country is Australia's second biggest trading partner?

• China

• Taiwan

• Hong Kong

• Japan

According to the chart, which region does Australia do the most trade with?

• Europe

• Americas

• Africa

• Asia

You buy some Nike shoes at the store in Perth, would this be considered an export or an import?

• export

• import

In Australia, BHP sells iron ore to China. Would that be considered an import or an export?

• import

• export