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In the early 1980s, Brazil's government, through an average inflation rate of 147 percent per year, got only 1.0 percent of output as seignior age, while Sierra Leone's government got 2.4 percent through an inflation rate less than a third as high as Brazil's.
Can you think of differences in financial structure that might partially explain this contrast? (Hint: In Sierra Leone, the ratio of currency to nominal output averaged 7.7 percent; in Brazil, it averaged only 1.4 percent.)
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Data from health clubs show that members who choose a contract with a flat monthly fee of more than $70 attend, on average, 4.8 times per month. They pay a price per expected visit of more than $14, even though a $10-per-visit fee is also availabl..
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Consider a dairy that manufactures milk and a ice cream chain that turns that milk into ice cream. Explain how each of these parties could enter into a futures contract to hedge their risk of fluctuating milk prices.
Using the professional role development by Cohen, identify two goals of role socialization that you will work to achieve during this term. Describe a personal strategy for you to accomplish each goal.
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