Posts Tagged ‘UBS’

  • Beer and pretzels.

    Beer Economics

    Nov 8, 12 • 374 Views • Behavioral Economics, Demand, Supply, and Markets, Developing Economies, Economic History, Households, International Trade and Finance, Labor, Macroeconomic Measurement, Thinking Economically, UncategorizedNo Comments

    In China, 1/2 liter of beer costs 9 minutes of work. To calculate how many minutes of work it takes to buy beer in 150 countries, Swiss bank UBS researchers divided the median wage in that country by the price of 1/2 liter from a retailer. Their results?