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Two players will each be dealt one card from a shuffled deck containing 3 Aces and 2 Kings. Each player only observes his/her own card. Model the situation by specifying a probability distribution on an appropriate set of type pro?les and calculate each player's beliefs about their opponents' types conditioning on their own types.
Research and discuss the principle of exploits based on buffer-overflow attacks. How can buffer-overflow attacks be avoided?
Show how a UK exporter can avoid exchange risk by covering in either the spot market or the forward market. When will the exporter be indifferent between these two forms of cover.
Is it true that a monopoly is able to continue to generate economic profits in the long run in any economic market? Why?
Give some arguments for and against the critisim of the federal income tax exemption of interest on state-local debt as being an inefficient subsidy.
Since the end of World War II, some countries have achieved great strides in a variety of development indicators, whilst others have stagnated, and still others have had mixed experiences.
Describe the major barriers to entry into a industry. Explain ow each barrier can foster monopoly or oligopoly.
What would happen to the amount of economic investment made today if firms expected the future returns to such investment to be very low ?
Suppose that consumer spending is expected to decrease in the near future. If output is at potential output, which of the following policies is most appropriate according to the AS/AD model
In 2008, AIG was at risk of declaring bankruptcy and defaulting on its debt. As a result, the U.S. government stepped in and provided funding for AIG, essentially insuring creditors that they would recieve their debt payments. After the government..
What are the potential consequences of a country having a large overall debt?
Describe the behavior of consumption, investment, labor, productivity, wages, the price level and the money supply over the business cycle both in terms of correlation, magnitude and lead vs lag.
describe some forms of private spending that represent consumption and some forms that represent investment. The national income accounts include tuition as a part of consumer spending. In your opinion, are the resources you devote to your educati..
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