| A | B |
|---|
| Exports | Selling goods to other countries |
| Imports | Buying goods from other countries |
| Exports represents ... in $ terms | Money moving into the country |
| Imports represents .. in $ terms | Money moving out of the country |
| China | One of Australia's largest trading partners |
| Iron Ore | Export we sell to China |
| Commodity | a raw material or primary agricultural product that can be bought and sold, such as copper, iron ore or coffee |
| Tourism and Education | Examples of export services |
| Skills | With exports services we are selling our ? to other countries |
| Embargo | Term that describes a block on trading with another country |
| Quota | Term when a country only allows a certain amount of goods to come into the countr |
| Imports we buy | Petroleum and cars |
| Reasons why we trade | Lack of our natural resources |
| Reasons for trading - C.... products | Cheaper |
| Reasons for trading - better Q... products | Quality |
| Government agency who monitor the movement of people and goods in and out of AU | Customs |
| Examples of commodities AU export | Metals, energy, livestock and meat, and agricultural. |
| Exchange rate | Value of $ in comparison to other international currencies |
| Tariff | Tax imposed by government on imported goods |
| To protect AU industries and jobs | Why Government impose tariff on imported goods |
| fair trade | Name of logo that identifies ethical trading |
| coco, coffee, bananas and cotton | Products fair trade is associated with |
| developing | types of country fair trade helps |
| sufficient wage, working conditions and standard of living | Benefits of fair trade |
| health, education and infrastructure | Fair trade improves standard of living of developing countries as money can be allocated to these areas |
