-Refer to the Table Above

question 89

Multiple Choice

$\begin{array} { l l c c l } \text { Country } & \text { Chile } & \text { Iceland } & \text { New Zealand } & \text { South Africa } \\\hline \begin{array} { l } \text { Abalone Cost } \\\text { Exchange }\end{array} & \text { CLP 50,990,000 } & \text { ISK 5,400,000 } & \text { NZD 104,000 } & \text { ZAR 640,000 } \\\text { Rate: } \$ 1 \text { U.S. } = & 585 \text { CLP } & 61 \text { ISK } & 1.3 \text { NZD } & 7.8 \text { ZAR }\end{array}$
-Refer to the table above. An international seafood supplier is offered 9.45 million yen today for 1000 pounds of abalone frozen in the shell. The abalone can be sourced from various countries at the prices shown above. The current market exchange rates between Australia and the other relevant currencies are also shown. In addition, $1 AUD = 105 yen. What is the value of the best deal the international seafood supplier can make, in Australian dollars?

• A) $5000
• B) $10,000
• C) $7000
• D) $8000

Understand the impact of culture and values on the perception of problems and solutions in welfare reform.

Recognize the preferences of legislators in funding programs based on the widespread problems versus problems with lower incidence.

Identify the factors contributing to the chronicity of social problems.

Analyze different community factors that can exacerbate welfare problems.