trade section

Question 1

export partners

Answer 1

china 
Japan 
republic or Korea 
united States 
india

Question 2

import partners

Answer 2

china 
united states 
Japan
thailand 
germany

Question 3

goods and services we import

Answer 3

passenger motor vehicles 
refined petroleum 
telecom equipment and parts 
computers 
medicaments e.g. veterinary

Question 4

good and services we export

Answer 4

ion ores 
concentrates   
coal 
gold
natural gas 
beef

Question 5

what does trade mean

Answer 5

the term trade generally includes any activity where income is made form selling goods or performing services. trade generally refers to the importing or exporting of goods and services

Question 6

what does the term tariff mean

Answer 6

a tariff is a tax imposed on imported goods and services. tariff are often used to restrict trade, as they increase the price of imported goods and services, making them ore expensive to consumers.

Question 7

what are multinational (transitional companies) and why these companies are growing

Answer 7

companies operate in several countries for a number of reasons, but most often it is to increase profits. a greater access to natural resources than would be available in the country of origin