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International trade · Part 1 of 4
6 exam-style questions with model answers, plus 9 quick multi-choice questions — every question on this part of the standard, grouped by the 2 pages of notes they come from.
Write a full answer before you reveal the model one. That comparison is where the learning happens.
Explain why New Zealand imports bananas.
Explain in detail why New Zealand exports some types of fruit and imports other types of fruit.
New Zealand's two-way trade with one large Asian economy is many times larger than its two-way trade with another Asian economy of similar population.
Explain the possible reasons for this difference, and give a reasoned judgement about which reason is likely to matter most.
Apart from Australia and the United States, name one of the top five countries New Zealand exports to, and one of the top five countries New Zealand imports from. Name one of New Zealand's major export goods.
Explain in detail why New Zealand's export earnings are considered vulnerable, given the pattern of what New Zealand exports and where it sends it.
Choose one of New Zealand's top five sources of imports.
Compare and contrast the impact of importing from that country on New Zealand producers and New Zealand consumers, and give a reasoned judgement about whether New Zealand as a whole gains.