JacPlus 8.4

Which of the following countries did Aboriginal and Torres Strait Islander peoples trade with before European colonisation?

• Britain and France

• Indonesia and Papua New Guinea

• United States and China

• India and Japan

During the nineteenth century, what were the Australian colonies a major source of for Britain?

• Textiles and spices

• Wool and minerals such as gold

• Machinery and electronics

• Furniture and cars

Which of the following regions are four of Australia’s five most important trading partners located in?

• Europe

• Asia

• Africa

• North America

Australia is described as an ‘open economy’ because:

• It exports goods but does not import any goods.

• It trades goods and services with other countries.

• It produces all goods domestically.

• It does not engage in trade with any country.

How does international trade help local Australian businesses grow?

• By making them close down due to high competition.

• By allowing them to sell goods and services only within Australia.

• By allowing them to sell exports to overseas consumers and producers.

• By keeping all profits within Australia without sending money overseas.

Why do Australian factories often import machinery from other countries?

• Because Australia does not manufacture any machinery.

• Imported machinery is generally cheaper and more efficient.

• Imported machinery is always of lower quality.

• Local machinery is unavailable in Australia.

What has happened to Australian clothing and footwear manufacturing since the 1980s?

• It has grown significantly.

• It has declined due to cheaper imports from Asian countries.

• It remains unaffected by international trade.

• It has become more competitive globally.

What is a potential risk of Australia consistently spending more on imports than it earns from exports?

• Australia will become richer as a nation.

• Australia will become poorer as a nation.

• It will lead to an increase in local jobs.

• It will lead to a stronger economy.

Which of the following is Australia’s largest trading partner in the Asia region?

• Japan

• South Korea

• China

• India

In 2017-18, what percentage of Australia’s trade with Asian countries involved China?

• 25%

• 40%

• 51.5%

• 60%