Economics: Market Interactions and Globalization
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Questions and Answers

What is the primary function of a finance sector in the economy?

  • To facilitate the flow of money between different sectors (correct)
  • To regulate the activities of businesses
  • To provide goods and services to households
  • To produce goods and services for export

    • How does a business typically use supply and demand to price its goods and services?

  • By setting a fixed price for all products
  • By adjusting prices in response to changes in supply and demand (correct)
  • By setting prices based on the average price of similar products in the market
  • By setting prices based on the cost of production

    • What is a benefit of multinational corporations operating in Australia?

  • They reduce the competitiveness of local businesses
  • They increase the cost of goods and services
  • They create jobs and stimulate economic growth (correct)
  • They reduce economic growth and development

    • What is a cost of multinational corporations operating in Australia?

    <p>They may repatriate profits to their parent company, reducing the amount of money available for investment in the local economy</p> Signup and view all the answers

    What is the primary role of the government sector in the economy?

    <p>To regulate the activities of businesses and provide public goods and services</p> Signup and view all the answers

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