The Effect of a Fall in the Exchange Rate for Australian

question 18

Multiple Choice

The effect of a fall in the exchange rate for Australian dollars relative to other major world currencies would include:

• A) People buying goods overseas with Australian dollars would find the goods relatively cheaper than before.
• B) The cost of importing goods from overseas would increase.
• C) The cost of offshore debt would increase.
• D) The cost of importing goods from overseas would increase and the cost of offshore debt would increase.
• E) All of the given answers.

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Definitions:

Phenomenological Theory

A philosophical approach focusing on individuals' subjective experiences and interpretations of the world.

Subjectivity

The influence of personal feelings, tastes, or opinions on perception or judgment.

Consciousness

The state of being aware of and able to think about one's own existence, sensations, thoughts, surroundings, and experiences.

Labeling Theory

A sociological theory suggesting that deviance and conformity result not so much from what people do, but from how others respond to those actions.