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“The new healthcare law will work only if congressional republicans don't obstruct its implementation. However, either congressional republicans will obstruct its implementation or they will let the U.S. Economy go into default. But they did not let the economy default. Therefore the healthcare law will not work.”
1. Translate the previous passage into SL, capturing as much logical structure as possible. Be sure to write your translation scheme.
2. Is the passage intended as a logical argument? Explain how you know.
3. Use a truth table to determine:
4. Whether the set of propositions are consistent or inconsistent.
5. Whether the set of propositions constitute a deductively valid or invalid argument.
6. What kind of proposition the conclusion is: tautology, contradiction, or contingent.
Suppose a consumer’s preferences over goods 1 and 2 are represented by the utility function u(x, y) = (x+ y)^3. Draw an indifference curve for this consumer and indicate its slope.
B would cost $1.5 and save $$400K pa. C would cost $2.1M and save $500K pa. For each of the alternatives. Construct a Choice Table based on the chosen MARR.
One criticism is that the IMF's one-size-fits-all approach to macroeconomic policy is inappropriate for many countries. This point was stressed in the Turkey's 18th IMF Program. What do you think? Is it right? How is this affecting international busi..
Suppose that production for good x is characterized by the following production function, q=k0.5Lo.5, where k is the fixed input in the short run. if the per init rental rate of capital, r, is $15 and the per unit wage, w, is $125, then the average f..
What are the advantages and disadvantages of using an expansionary monetary policy in a recession compared to using fiscal policy? The question is specifically about the advantages of monetary policy compared fiscal policy in a recession. What are th..
which in this case is lagged second difference. Note that it remains below zero after stock market crash of 1987. You can also do same thing for or variables. Are they fairly consistently away from zero. If so, can you design a rule to make money.
Indicate two ways in which the framers of the United States Constitution were directly influenced by the thought of John Locke. Indicate one way in which they diverted from, expanded upon, rejected, or otherwise revised Locke's thinking.
You live in a world with two time periods. Your income is $100 in time period 1 and $150 in period 2. If the interest rate is 0.03 (3%), draw your inter temporal budget constraint. If you value current consumption 1.5 as much as future consumption at..
Suppose that there are 100 identical firms in a market. Each firm has a short-run marginal cost and average variable cost functions given by. Determine the supply function of each firm. Determine the market supply function. Suppose that the market de..
Consider an EOY geometric gradient, which lasts for eight years, whose initial value at EOY one is $5,000 and ƒ = 6% per year thereafter. Find the equivalent uniform gradient amount over the same period if the initial value of the cash flows at the e..
the company you work for asks you to recommend whether their mercedes truck should be replaced now or kept in service
An overoptimistic sales forecast has resulted in excess inventory sitting idle at a company's warehouse. As the manager of the company, your job is to troubleshoot the problem and get results. Your instinctive reaction is to open up new channels of d..
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