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When we study technology we should consider how technology is changing and how those changes affect the world around us.
Considering how the world into which someone was born in 1955 was different in 2015 when that person would turn 65. What changes in the world occurred because of changes in computer technology during that time – both in everyday life and “behind the scenes” affecting everyday life. What common devices and social practices, such as using a payphone or having the newspaper delivered, have changed?
What 3 concepts are most important to remember about the concept of design? Why, in your view, are these most important things? Give examples with each of these to illustrate your points. What is the MPG illusion? How might using GPM instead of MPG i..
q.when money decreases in value because of inflation people tend to place less trust in it as a method of storing value
In what sense does the Fed "create money"? Suppose that the minimum required reserve ratio for banks was 1/11. Also suppose that banks held no excess reserves and that currency in circulation was unchanged. What action in the Treasury bill market wou..
How do the issues relating to the cases or regulations help to reduce market power and maintain competitive markets?
Bruce, Colleen, and David are all getting together at Bruce’s house on Friday evening to play their favorite game, Monopoly. They all love to eat sushi while they play. They all know from previous experience that two orders of sushi are just the righ..
Suppose a firm takes two inputs, labor and capital, as perfect substitutes. In addition, this firm can substitute one labor for one capital. If wage is $2000 and rental rate for capital is $3000, what is the optimal labor and capital usage for this f..
Two methods of filling cereal boxes are being compared. Both methods fill the box with the same amount of cereal on average so the company wants to select the method with the lower variance. In a sample of 31 boxes filled using method 1, the standard..
In the United States, the Federal Reserve frequently engages in buying and selling of the government securities as well as other policies. In recent years, the Fed has reduced the Discount Rate several times. The Fed has also purchased substantial am..
q1. the lojack car recovery system allows the police to track stolen cars. as a result they not only recover 90 percent
51.q1. clarify export promotion policies as well as import substitution policies with examples of countries that
Two countries, Canada and Japan, produce two goods, Phones (P ) and Phone Apps (A), using two factors, Skilled labor (S) and Unskilled labor (U). Phones are Skilled-labor intensive and Apps are Unskilled-labor intensive. Show how the PPF changes in e..
Ron Swanson takes 1 week to make a rocking chair or a bird house. Andy Dwyer would take 3 weeks to make a chair or 2 weeks to make a bird house. Assume that both people are okay with having partially-completed projects (e.g. half a chair) because the..
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