8.5

Question 1

What is Australia’s biggest import?

Answer 1

Machinery.

Question 2

What are Australia’s 5 biggest trading partners?

Answer 2

1. China
2. USA
3. Japan
4. South Korea
5. Thailand

Question 3

What are positive effects of importing?

Answer 3

Big range of goods/services
Producers forced to be more efficient to compete against cheaper imports
Encourages those countries to buy our exports
Workers may move and learn other languages/cultures
More trade encourages better relations between countries.

Question 4

What are negative effects of importing?

Answer 4

Lowers employment opportunites
Difficulty in competion with lower production costs -> Closure of industries & loss of skills
Money leaves the country
Harmful species/diseases can be brought into the country.