Which of the Following Suggest Australia's Current Account Deficit May

question 92

Multiple Choice

Which of the following suggest Australia's current account deficit may not be a problem?

• A) We still have assets left to sell.
• B) We have an equal capital account surplus.
• C) If overseas borrowing is used productively we can generate enough extra income to pay for it.
• D) If overseas borrowing is used on consumption goods and services we can generate enough extra income to pay for it.

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Definitions:

Biopsychosocial Approach

A holistic model of health that considers biological, psychological, and social factors in understanding and treating illness.

Levels of Analysis

In social science, psychology, and biology, refers to the different ways of looking at the same phenomenon, ranging from biological to individual to societal perspectives.

Cognitive Perspective

A psychological approach that focuses on how mental processes such as perception, memory, and problem-solving work and how they influence behavior.

Behavioral Perspective

An approach to psychology that focuses on observable behaviors and the ways in which they are learned.