China is Australia's largest export market. Australia predominantly exports iron ore to China. Meanwhile, China exports consumer goods such as computers to Australia.China has a comparative advantage in producing computers.Australia has a higher opportunity cost of producing computers.Australia must have an absolute advantage of producing iron ore.Which of the above statements are true:Only 1 is true.Only 2 is true.Both 1 and 2 are true.1, 2 and 3 are all true.

AUSTRALIA CHINA Trade War: In May 2020 the Chinese government imposed an 80.5% tariff on Australian barley over allegations that Australian producers had dumped the product in the Chinese market at a discounted rate. Since then more tariffs and other restrictions have been placed by Chinese authorities on Australian exports of beef, seafood, wine and coal into the Chinese market. Australia’s total export trade with China is estimated to be worth $135b per year with China also being the source of $78b worth of imports. This makes total merchandise trade (exports + imports) worth $213b per year. China’s actions have hurt major Australian export industries and in response, the Australian government and Australian businesses have tried to develop new markets. ~Source: Tim Riley Publications Pty Ltd.Question: If China was to stop all trade with Australia, how much would this cost the Australian Economy in total trade, according to the above extract?(2 Points)$135b$78b80.5%$213b

Which of the following is Australia's largest agricultural export?Group of answer choicesFruitDairySugarBeefWine

cash rate 保持不变, inflation 在2%到3%之间，wage growth rate is still too low，Australia’s relationships with its major trading partners continuesto improve, with China considering removing tariffs and bans oncertain traded goods from Australia. Major commodity exports suchas iron ore and coal continue to flow into Asia.在这些前提条件下对yield的影响

The economy of Sydney is notable for its importance in the areas of trading, manufacturing, finance, education, and distribution in Australia. Sydney has the largest economy in Australia.

As labour productivity is higher in the United States than Australia, this means that a. employers in the United States are willing to pay more for a given quantity of labour than Australian employers are. b. the production function in the United States is below that of Australia's. c. Australian workers will want to work less hours. d. real wages are higher in Australia.