Which of the Following Reflects Moore's Law

question 107

Multiple Choice

Which of the following reflects Moore's law?

• A)The computer chip performance per dollar doubles every 18 months.
• B)A company's ability to acquire small amounts of MIS equipment for cheaper cost.
• C)A company's product line completely changes every two years.
• D)The computer chip performance per dollar doubles every 6 months.

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Definitions:

Behavioral Economists

Specialists examining the effects of psychological, cognitive, emotional, cultural, and social components on the economic decision-making of individuals and institutions.

Nudges

Subtle policy shifts or design changes that steer people's behavior in predictable ways without forbidding any options or significantly changing economic incentives.

Prospect Theory

A behavioral economic theory that suggests individuals value gains and losses differently, leading to decisions that can deviate from traditional economic predictions which assume rational behavior.

Behavioral Economics

A field of economics that studies how psychological, cognitive, emotional, cultural, and social factors affect the economic decisions of individuals and institutions.