This document provides a series of questions for an in-class revision exercise on the topics of international trade. The questions ask students to define international trade, list factors contributing to why nations trade, explain how government regulation can influence imports, discuss how importing goods at cheaper prices helps businesses remain competitive internationally, describe the impact of currency appreciation and depreciation on Australia's imports and exports, and explain the social impacts of an economic crash in Australia, including on unemployment, inflation, wages, and spending power. It also asks about America's production of goods to economies of scale and whether this makes goods cheaper to export.
