I wholeheartedly agree and think it’s practically self-evident.
Here’s an excellent example from history.
For 28 years, the Berlin Wall separated East Berlin from West Berlin and was the most heavily militarized border crossing in the Western hemisphere. In 1989, during a press conference with western media, Gunther Schabowski was handed a note explaining a change in policy governing border crossing. Several discussions took place about making a show of opening the border between East and West Germany, but nobody informed Schabowski.
At the end of the press conference, he appears to have remembered the note belatedly, and read it verbatim—which was not what was intended. When asked about when the border would open, he assumed it was immediate.
The reality of course was that East Germany had no intention of opening the border, and certainly not immediately.
Within hours, the border crossing was practically buried under thousands of East Germans eager to be reunited with their families and other loved ones after 28 years on the press conference, which had been broadcast live.
The East Germans believed what they were told: Schabowski said immediately, and they intended to go immediately.
Border guards kept calling for instructions, until finally, they relented.
Perception became reality, and the border between East and West Berlin opened, spelling the de facto end of the separation of Germany.
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Answer:
B. False
Explanation:
In a sealed bidding, bidders have no opportunity to discuss/negotiate. They just present an offer adjusted to the terms of the requirer of the good or service that is submitted to bidding.
Answer:
D. Smaller "communities" or "houses" should be developed to lessen the impersonal nature of large middle schools.
Explanation:
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Answer:
maturity risk premium = 1.23 %
Explanation:
given data
currently earns = 5.13 %
real interest rate = 2.15 %
inflation premium = 1.75 %
solution
we get here maturity risk premium that is express as
maturity risk premium = currently earning - real interest rate - inflation premium .................1
put here value and we get
maturity risk premium = 5.13 % - 2.15 % - 1.75 %
maturity risk premium = 1.23 %