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Consider a semiconductor technology where the maximum output value for a circuit was 1.2 Volts and the minimum output value was 0 Volts. If you had to figure out how to map these voltages to binary digital logic states (0 and 1), one simple approach might be to say that you'll treat any value less than 0.6 Volts as a 0 and any value greater than 0.6 Volts as a 1. This is a straightforward approach but is probably a bad idea. Why
What is the bank instability problem. Understand the Bryant and Diamond models of bank runs. I want you to understand the quantitative logic of the problem. Memorizing formulas is not the point here. Be able to understand how my decision about whethe..
Ethics begins at home. What moral and ethical problems do you observe around your school? What seems to be causing the collapse of values, if that is what you perceive? Or what keeps students on a moral and ethical journey?
GDP also consumption both rose by $8 billion in the second round, Illustrate what would have been the size of the multiplier.
Assume that b=1 and that initially the real interest rate is equal to the marginal product of capital at 4%. As well, assume that v=1/2 and that the inflation rate last period was 2%. If the housing bubble busting causes the share of output of invest..
Why are people risk-averse? Use your answer to throw light on the way in which intermediaries can persuade savers to lend their money indirectly to them for a lower average rate of return than they could obtain on their own. How does the degree of co..
Explain what is meant by a zero-sum game, and why it was central to Mercantilist thinking. Then, explain how Smith's idea of absolute advantage altered the nature of the "game."
Which of the following would NOT produce an outward shift of the production possibilities curve?
Who benefits when retailers in the United States source textiles from low wages countries such as Bangladesh? Who might lose? Do the gains outweigh the losses?
The local Audubon Society has just put a new bird feeder in the park at a cost of $500. The feeder has a useful life of 5 years and an annual maintenance cost of $50. Fred, was very impressed with the project. He wants to establish a fund that will m..
Which of the following can occur as a result of advertising in a monopolistically competitive market?
Suppose that in a particular month roughly 8 million people in the United States were seeking jobs but had not found them. Suppose that 2 million of these people give up their searches in the following month and stopped looking for work. What will ha..
Is the student necessarily better or worse off than before from such a transfer implied by consultant A.
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