Podcast
Questions and Answers
What do households provide to the economy in the circular flow model?
What do households provide to the economy in the circular flow model?
- Labor, land, and capital (correct)
- Goods and services
- Taxes
- Loans
What do firms receive in return for hiring labor, buying resources, and paying for them?
What do firms receive in return for hiring labor, buying resources, and paying for them?
- Profits
- Both b and c (correct)
- Goods and services
- Wages, rent, and interest
What does the government provide to the economy?
What does the government provide to the economy?
- Loans
- Public goods and services (correct)
- Imports
- Wages
What do financial sectors do in the economy?
What do financial sectors do in the economy?
What is import payment in the overseas sector?
What is import payment in the overseas sector?
What is export income in the overseas sector?
What is export income in the overseas sector?
Which of the following is NOT one of Australia's top 5 export destinations?
Which of the following is NOT one of Australia's top 5 export destinations?
Which of the following is NOT included in Australia's top 5 export items?
Which of the following is NOT included in Australia's top 5 export items?
Which of the following is an example of a free trade agreement that Australia has with another country?
Which of the following is an example of a free trade agreement that Australia has with another country?
What do the abbreviations MNCs and TNCs stand for?
What do the abbreviations MNCs and TNCs stand for?
Which of the following is NOT listed as an advantage of TNCs (Multinational Corporations) in the text?
Which of the following is NOT listed as an advantage of TNCs (Multinational Corporations) in the text?
Investing in shares and stocks is considered a _____ risk investment.
Investing in shares and stocks is considered a _____ risk investment.
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