Households and Firms in the U

question 85

Multiple Choice

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

• A) goods; factor
• B) goods; financial
• C) government; goods
• D) financial; factor
• E) firm; government

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Definitions:

Indorsement

A signature or note on a document (such as a cheque or bill of exchange) that specifies the future control or ownership of the document.

Payee's Name

The name of the individual or entity to whom payment is to be made on a check, draft, or other financial instrument.

Negotiation

The process by which parties discuss their differences, with the aim of reaching an agreement or improving understanding.

Assignment

The passing of property or rights from one individual to another.