C.Whydoeseachofushavetofaceafinancial challenge? D.Whydoesfinancialliteracymattersomuchin oursociety? E.Richpeoplearegenerallybettereducatedonfinancialmanagement. F.Besides,thesepeoplehave morethandouble thewealthofpeoplewithalowlevel. G.Forexample,theyfrequentlymakelatecredit cardpayments,overspendtheircreditlim...
It is the link between speculation and asset prices that explains this crisis. The ability to borrow money to buy assets fuelled the rise in asset prices. And the wealth effect of higher prices persuaded those in English-speaking countries to borrow money to sustain consumption. Not long ago t...
The preface gives a good idea of what the book will deliver.In it Sacks explains that he wants to convey the insights gleaned from the “enormous and rapidly growing body of work on the neural underpinnings of musical perception and imagery,and the complex and often bizarre disorders to which...
why the rich dont pass wealth to their children the rich have traditionally passed their wealth on to their children. but an increasing number of billionaires are choosing not to. the reason they want their children to live on themselves -- and not to turn into spoiled successors. ...
What explains these excess retirements? Health issues have surely played a role, as COVID has posed a particularly large threat to the lives and health of the elderly.[8] In addition, many older workers lost their jobs in the early stages of the pandemic, when layoffs were historically high...
This makes it very hard to predict costs and benefits over the next few decades, and explains why conventional economic models, even though they often make unrealistic assumptions about optimal policies (such as the application of a uniform global carbon price) which ought to understate the costs...
15. This chapter explains that investment can be increased both by reducing taxes on private saving and by reducing the government budget deficit. a. Why is it difficult to implement both of these policies at the same time 答: 政府支出不变的情况下,政府对私人储蓄减税会减少政府收入规模, 一定...
This also explains why the use of async has to start from the bottom up. A common but short-lived antipattern is to call Task.Wait instead of await, because the caller isn’t an async method, but most likely it will deadlock immediately. The problem is that the UI thread will be blo...
(Williamson, 2004). It seeks to explain why businesses create complex structures and organizations to reduce transaction costs (North & Wallis, 2011). Property rights theory explains how transactions related to the ownership and transfer of resources like labor or physical assets are regulated and ...
as a result of his sense of loss and hopelessness he delivers a long exhortation to the prison inmates in which he dramatizes his own despair through a religious message of resignation. He explains that not only theirs but ...