Australia's place in Asia and the global economy

What type of products does Australia mostly export?

• Manufactured goods

• Primary products

• Animals

• All of the above

Answer explanation

Most of what we export are primary products. Primary products are products that are produced from natural materials and are not made. For example, wood, water, gold

An import is something that moves ____ Australia. An export is something that moves ___ of Australia

(a)  

Australia's major trading partner WAS (a)  

Answer explanation

The United Kingdom was Australia’s major trading partner in 1900, receiving nearly 60% of all Australian exports

An import is something that is exiting the country

• True

• False

Answer explanation

An import is something that is going to in the country! Remember it like im looks like in :)

List 3 countries that receive the largest size of Australia's exports

Answer explanation

Answers could include: China, Japan, Republic of Korea, United States

What is one reason trade is important with other nations?

• It's fun to trade

• Australians earn money by selling products other countries need

• Builds stronger connections for friendships

• It is not important

Answer explanation

Australia has a lot of natural resources that other countries need (like China) and get a lot of money from selling these products

Australia is one of the largest (a)   producers in the world

Answer explanation

Australia is rich with gold that we export to the world

What example did I use when talking about businesses setting up in Australia?

• Tictacs

• Allens

• Smiths Chips

Answer explanation

Tictacs came from Italy but we make them in Australia due to the high demand!

One reason trade is important is that Australia can buy products it does not produce itself from other countries

• True

• False

Answer explanation

Australia's main import is personal travel services

Composition of (a)   means what Australia imports and exports

Answer explanation

The makeup of Australia’s resources that enter and exit the country