Protection in Australia (HSC SSCE Economics): Quizzes
📚Quizzes
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10 questions from this quiz
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Practise the questions
10 questions from this quiz
What tariff reduction did the Whitlam Govt implement in 1973?
What tariff reduction did the Whitlam Govt implement in 1973?
25% across-the-board cut
What was Australia's avg tariff rate decline from 1968-9 to 2023?
What was Australia's avg tariff rate decline from 1968-9 to 2023?
36% to 0.5%
What % of imported goods now enter Australia tariff-free?
What % of imported goods now enter Australia tariff-free?
Nearly 90%
How does Australia's avg weighted tariff rate compare to the US?
How does Australia's avg weighted tariff rate compare to the US?
Australia 0.5%, US 1.5%
What % of Australian farm income comes from subsidies?
What % of Australian farm income comes from subsidies?
Less than 3%
What % of South Korean farm income derives from subsidies?
What % of South Korean farm income derives from subsidies?
49%
When was the EMDG scheme established and how many exporters has it supported?
When was the EMDG scheme established and how many exporters has it supported?
1974, over 51,000 exporters
According to WTO criteria, what tariff rate is classified as 'large'?
According to WTO criteria, what tariff rate is classified as 'large'?
Exceeding 15%
What tariff range did China impose on Aus wine & barley in 2020?
What tariff range did China impose on Aus wine & barley in 2020?
80-200%
What is the Moderna facility's annual mRNA vaccine production capacity from 2024?
What is the Moderna facility's annual mRNA vaccine production capacity from 2024?
Up to 100 million doses