(solution) In a two-period preference diagram, illustrate the following endowments. Indicate whether the person

(solution) In a two-period preference diagram, illustrate the following endowments. Indicate whether the person

In a two-period preference diagram, illustrate the following endowments. Indicate whether the person is likely to bea borrower ora lender. A young woman with an elderly, wealthy, loving uncle in Australia. A farmer whose crop has been destroyed by a hurricane. A sugar-beet farmer who has just learned that this year’s sugar-cane crop has been destroyed by a hurricane. A 35-year-old star baseball player.