Households and firms in the Australian economy interact with those in the rest of the world in the ________ market and in the ________ market.

Question

Quizplus · Accepted Answer

Households and firms in the Australian economy interact with those in the rest of the world in the goods market, when they import or export goods, and in the financial market, when they engage in international borrowing or lending, or purchase or sell foreign currency. The other options do not accurately describe the types of interactions between households and firms in Australia and the rest of the world.

Households and Firms in the Australian Economy Interact with Those