... is because it affects the exchange rate, as a reduction in the Australian dollar restricts the things we import. b) What are the main reasons for Australia experiencing a sustained CAD? Australia is experiencing a sustained current account deficit for many reasons. These reasons include: high interest rates, worsening terms of trade, high consumer spending and less saving, inflation, variations of the exchange rate, freight and tourism and international competitiveness. The first reason is the fact that interest rates on existing debt are high as well as the fact that we don't save enough, adds a considerable cost onto the final debt. Higher interest rates drive ...

... is selected, not because of skills or qualifications (in that case the white man would have provided the same result), but for his skin color. This seems to be blatant discrimination, but many believe it is justified. Some feel retribution for years of discrimination is reason enough, but that issue will be discussed later. First, lets focus on why this is not a solution to creating an unbiased society. Martin Luther King Jr. had a dream: "I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin, but by the content of their character." He desired a world without discrimination, ...

... making of prior arrangements between buyers and sellers. Both consumers and merchants could see a windfall if these problems are solved. For merchants, a secure and easily divisible supply of electronic money will motivate more Internet surfers to become on-line shoppers. Electronic money will also make it easier for smaller businesses to achieve a level of automation already enjoyed by many large corporations whose Electronic Data Interchange heritage means streams of electronic bits now flow instead of cash in back-end financial processes. We need to resolve four key technology issues before consumers and merchants anoint electric money with the same real an ...

... ones standards. This laxness in grading has allowed me to flounder all throughout my academic career so far without having to put forth any effort on my part. When a student receives a grade from one of their teachers a lot of times they get a number grade saying that they received a certain percentage of credit for an assignment. If a student receives a grade of a 95 then they have fulfilled 95% of the total possible credit. A grade of 95 in most cases is equal to the letter grade of an A. When a student receives a number grade of 70 then they have gotten credit for 70% of the work. This 70% works out to a C, which is customarily known as satisfactory ...

... wasn't on drugs. The problem of drug abuse has its worse effects when the persons using drugs are responsible for millions of dollars in equipment, money, or lives. Workers on drugs are not alert and uncoordinated. Uncoordinated workers on an assembly line have a higher percentage of error than their sober counterparts making for defective parts and merchandise which will be returned by irate customers. This will cost a company in worthless merchandise and unhappy customers who most likely will not use their products again. A worker with a drug problem also misses more days, on sick leave, compared to a worker without a drug problem. The most logical reaso ...

... area will have their largest external effects on neighboring economies in western Europe and on developing and transition countries with important trade and financial links to Europe, including countries that link their currencies to the Euro. Among emerging market economies, those likely to be most affected are the transition countries of the central and Eastern Europe and the Baltics.The global environment has been favorable in a number of respects for the transition to EMU and the achievements of its objectives. The strong demand for euro-area exports from industrial countries at more advanced stages of the business cycle and the depreciation of the currencies ...

... the massive account deficit and foreign debts is . NAFTA, for short, is one positive effort that not surprisingly, has met with the opposition of many. In light of this opposition, it is evident that NAFTA is accomplishing its primary goals and encouraging the growth of the American economy. NAFTA negotiations began on June 11, 1990 when former President George Bush and Mexican President Carlos Salinas de Gurtari met to discuss the possibility of revising current trade policies. The thing that set the NAFTA apart from other trade agreements historically was that it was to be the first trade agreement entered into between two industrial countries and a developing cou ...

... to purchase more than we can afford to purchase when we want it. But, we can afford to pay it out, over time, in fixed payments. Mortgages, a debt owed on real property, are the latest form of installment debt. Other forms include automobile loans and credit card purchases. Just pick up the newspaper any time after Christmas and you will find articles on managing your mounting debt from Christmas. Not realizing the extent of the consumers' debt is one of the most common types of credit problems. Denial may play a partial role in this problem, but the lack of education seems to be the largest reason for consumer debt. Credit card use is up 20% and a large number o ...

... to save some news print for its own newspapers. This was just the beginning in the Americanization of Canada. As more and more Canadian exports were being directed into the United States, the British invested less and less into the Canadian economy, while the Americans invested more, and more, and more. More and more Canadians began to believe in their country again, and more and more began to invest in various money making systems, such as stocks and bonds, investing in companies, and even making their own company. Anyone who had an idea could make a company to produce it. The most powerful business tycoon of the 1920's was Sir Herb ...

... paid for by taxpayers. The crisis has caused the developing world’s biggest arms buyers to delay or cancel big weapons purchases from the US (the world’s #1 arms exporter) and Asian Airlines have canceled jet orders. This will hurt companies like Lockheed Martin, Raytheon Systems and Boeing. The US trade deficit surged to a record $16.8 billion in August and now overseas sales of American farm products hit their lowest point in more than four years. The cause of all of this is too much borrowed money and too much corruption. It’s also affecting steel factories and Washington apple growers. Despite all this the US economy is steaming ahead. The actions that are ...