Alicia Is a College Freshman

question 32

Essay

Alicia is a college freshman.During one of her classes a campus group came in to speak about tolerance and diversity.There were several students who shared personal stories about their experiences with discrimination based on their race and sexual orientation.Alicia learned a lot of information she had not known, but still felt like it was not appropriate to interrupt her class for such personal matters.Based on her attitude, what is Alicia's likely level of cultural understanding (biased, in denial, aware, sensitive and respectful, or responsible and active)? As a culturally responsible and active proponent of reaching cultural understanding, what strategies will help develop Alicia's level of cultural understanding?

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Definitions:

Flexible Exchange-Rate System

A currency valuation system where the value of a currency is allowed to fluctuate in response to foreign exchange market mechanisms.

Foreign-Exchange Reserves

Stockpiles of foreign currencies maintained by a nation’s central bank. Obtained when the central bank sells local currency in exchange for foreign currency in the foreign exchange market.

Terms of Trade

This refers to the ratio at which a country's exports are exchanged for its imports, influencing the country's economic health.

Real Interest Rates

The interest rate adjusted for inflation, representing the true cost of borrowing and the real yield to lenders.