Australia Has Continually Run Current Account Deficits Over Much of Its

question 121

Multiple Choice

Australia has continually run current account deficits over much of its history. This implies:

• A) we are living beyond our sustainable means.
• B) most of our assets are now owned by foreign interests.
• C) our capital stock is dwindling.
• D) we have always had an excess of savings over investment.

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Definitions:

Situational Causes

External environmental factors or conditions that influence an individual's behavior or outcomes, as opposed to intrinsic or internal factors.

Personal Causes

Factors or reasons stemming from individual characteristics or actions that lead to a specific effect or outcome.

Out-group Bias

The tendency to have negative perceptions or feelings towards individuals who are not considered part of one's own group, leading to prejudice and discrimination.

Favorable Qualities

Attributes or traits of an individual, group, or object that are viewed positively or considered beneficial within a certain context.