Australia's Global Trade Revision Crossword Puzzle

QUESTIONS LIST:

• education: australia's largest service export in 2023–24.
• china: the largest source of both australian exports and imports.
• gst: a domestic tax change that is not a form of protectionism.
• monopoly: protecting consumers from this is not a valid reason for trade restrictions.
• absolute: type of advantage where country x is better at producing both goods.
• revenue: a quota on imported cars increases this for domestic producers.
• costs: a tariff on raw materials increases these for local businesses.
• portfolio: a 5% foreign investment in shares is classified as this.
• assets: sales of these are excluded from the current account.
• exports: government training subsidies aim to increase this component of the current account.
• decrease: the effect of rising global oil prices on both tot and trade balance.
• shortages: a global lack of exports like iron ore causes a favourable tot movement.
• recession: foreign economic downturns can explain weak exports despite a lower exchange rate.
• demand: a global fall in this explains declining tot and twi between years.
• liabilities: these increase with more foreign portfolio investment.