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Topic 6 Notes

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Topic 6 Notes for HSC 2011 Economics Course. Taught at top performing Eastern Suburbs Private School

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5 Pages Partial Study Notes > 2 Years old
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Topic 6 Notes
Topics this document covers:
Technology Labor Business Economics Globalization International relations International trade Protectionism Trade Export Tariff Subsidy Australia–United States Free Trade Agreement Non-tariff barriers to trade
This is a Partial Set of Study Notes

Partial Study Notes typically cover only single topics of a unit of study or do not cover multiple topics in significant detail. They are generally less than 20 pages in length.

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Topics this document covers:
Technology Labor Business Economics Globalization International relations International trade Protectionism Trade Export Tariff Subsidy Australia–United States Free Trade Agreement Non-tariff barriers to trade
Sample Text:
Australia’s distance from the rest of the world and the relatively high proportion of output that is traded means that barriers to trade have a significant effect on the economy whether these barriers are within Australia or in overseas markets Overall: Australia has benefitted from the gradual removal of trade barriers Historically, Australia was one of the most highly protectionist countries in the world THE GOVERNMENT’S MAIN AIMS IN REDUCING PROTECTION ARE TO: • • • • Force domestic industries to become internationally competitive by exposing them to competition from imported goods Encourage resour...
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