SSC
GENERAL ECONOMICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which one of the following global factors is most likely to boost Australia’s exports?
|
|
Urbanisation in Asia
|
|
|
Strong growth in Europe
|
|
|
US Multinational Corporations setting up factories in Africa
|
|
|
Appreciation of the Australian dollar against all major currencies.
|
Explanation:
Detailed explanation-1: -The terms of trade boom was driven by very large increases in the prices of some of Australia’s commodity exports. Australia has plentiful supplies of natural resources, including the second largest accessible reserves of iron ore in the world, the fifth largest reserves of coal and significant gas resources.
There is 1 question to complete.