The Large Current Account Deficits in Australia Mean That

question 130

Multiple Choice

The large current account deficits in Australia mean that:

• A)foreign investors accumulate more Australian assets than Australian investors accumulate foreign assets.
• B)private savings have been at historically high levels.
• C)foreign investors lack confidence in the strength of the Australian economy and the buying power of Australian consumers.
• D)there has been little or no foreign investment in Australia.

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Definitions:

Psychodynamic View

A psychological perspective that focuses on unconscious processes and childhood experiences in shaping behavior and personality.

Primary Gain

In psychoanalytic theory, the direct internal benefits derived from manifesting a psychological symptom, such as relief from anxiety or conflict.

Cognitive-Behavioral

Relating to a therapeutic approach that addresses dysfunctional emotions, behaviors, and cognitions through a goal-oriented, systematic procedure.

Psychodynamic

A psychological perspective that emphasizes unconscious psychological processes (for example, wishes and fears of which we're not fully aware) and contends that childhood experiences are crucial in shaping adult personality.