Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What is the primary function of a finance sector in the economy?
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?
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?
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?
What is a cost of multinational corporations operating in Australia?
Signup and view all the answers
What is the primary role of the government sector in the economy?
What is the primary role of the government sector in the economy?
Signup and view all the answers
Flashcards are hidden until you start studying
