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ECONOMICS TAKE HOME WORK

Submitted by:
Chavez, Franz Albert S.

B. Examination Questions
1. What must one have to do to win the Google Lunar Xprize? How
much is the prize offered?
The competitions $30 million prize purse will be awarded to teams
who are able to land a privately funded rover on the moon, travel 500
meters, and transmit back high definition video and images. The first
team that successfully completes this mission will be awarded the $20
million Grand Prize. The second team to successfully complete the
mission will be awarded $5 million. To win either of these prizes, teams
must prove that 90% of their mission costs were funded by private
sources. Teams have until the end of 2016 to announce a verified
launch contract to remain in the competition and complete their
mission by the end of 2017.

2. What was the reason in going to the moon in the 1960 and what is
the motive in going back there for good today?
Roger D. Launius, senior curator of the Smithsonians National Air
and Space Museum said, The driving reason was Cold War
competition with the Soviet Union, Launius said. Without that, it
wouldnt have happened. In short national pride. It was designed to
solve a political problem, thats really what it was about, Launius said.
It was a Cold War competitive measure in response to a couple of
major foreign policy setbacks in the spring in 1961. The Moon is not
only our nearest neighbor in space, but it is also the gateway to the
rest of the universe. Formed approximately 4.5 billion years ago, the
Moon provides exciting opportunities for discovery in the fields of
science, technology, resource detection and utilization, and human
habitation.

3. Which motive of going to the moon would sustainable and feasible


and why?
For me it is Team Astrobotic, because they already won three
Milestone Prizes: The Landing Prize ($1 million), Mobility Prize
($500,000), and Imaging Prize ($250,000), for a total of $1.75 million in
prize winnings...so far! Andy is 33kg and contains unique pivoting axle

suspension that allows it to drive faster in rugged terrain. Andy will


drive 500 meters and project HDTV images to win to the Google Lunar
XPRIZE for Team Astrobotic. The rover also has the capability to carry
small mobile payloads, such as science instruments. It is pretty much
the most sustainable and feasible motive compared to other teams.
4. Who is PROMETHEUS featured in the opening part of Jason Ross
presentation? What is its significance in his lecture about fusion
power?
The ancient story of Prometheus is the most compact statement
of the fight between humanism and oligarchy. Aeschylus tells this
history in his play Prometheus Bound. After Zeus (the chief of the
Olympian gods) denied mankind the use of fire, Prometheus brought
fire down from Heaven (from the oligarchy) and gave it to humanity.
For this he was punished by Zeus, with the torment of being bound to a
rock, to have an eagle (Zeus) eat out his organs every day. He said
that. I will use the specific, and necessary, prospect of developing
fusion power, and exploiting the most useful fuel for this, helium-3, to
express the truest identity of the human individual: a creative,
Promethean identity. Among all life, it is only human beings that
willfully change their mode of existence from one generation to the
next, and this is done uniquely by discovering and implementing new
principles.

5. What is the new form of fire? Why has not been nuclear power been
developed? Why are we still burning coal?
This new form of fire was charcoal, created by burning wood
without air, in a pile covered by earth. Charcoal, wood freed of water
and impurities, burns hotter and is very pure. With charcoal, we
made the first new machine, the first chemical machine: metallurgy.
The Bronze Age began. Nuclear reactors and the waste stored on
the site are effectively pre-deployed nuclear weapons in the event
that malicious people decide to blow one up. Every nuclear power
reactor makes massive amounts of radioactive waste. Nuclear
powers waste is deadly, causes cancer and genetic mutations, and
there is no known way to permanently contain, dispose or neutralize

it. All claims to the contrary are unfounded. Just as forests were
saved by the development of coal, we will save our petroleum
resources from being burned up, by the development of a new,
higher form of fire. This is the power of the nucleus. Far more
powerful than the ancient machines of the lever and the screw, far
more powerful than the power of chemical changes and combustion,
is the potential of the atomic nucleus, the most powerful form of
"fire" that we know of.

6. What is the difference between nuclear fission from nuclear fusion?


Why is the fusion of Helium 3 a new kind of fire? Why is it more
feasible to use?
Both fission and fusion are nuclear reactions that produce
energy, but the applications are not the same. Fission is the splitting of
a heavy, unstable nucleus into two lighter nuclei, and fusion is the
process where two light nuclei combine together releasing vast
amounts of energy.
Helium 3 is used in nuclear fusion where
the fusion results normal helium and Keep the fire burning. Helium3
rare gas a non-radioactive isotope of Helium is new hope in
energy ... Helium-3, a non-radioactive isotope of helium, holds
significance as a clean and efficient form of energy in future.

7. Is Helium 3 worth going to the moon? What did Ouyang Zihuan


say about it? How will a Helium 3 economy change lives?
I can say that it is really worth it because Helium-3 is not a piece
of science fiction, but an isotope of helium that really could provide for
all of our energy needs in the future. With absolutely no pollution. He
said, the moon is 'so rich' in helium 3, that this could 'solve humanity's
energy demand for around 10,000 years at least.' Helium-3 will replace
the fuel people buy to generate electricity. As a replacement, helium-3
would be worth $75 billion today.
8. What is the Moores Law as discussed by Dr. Michio Kaku?
Moore's law is the observation that the number of transistors in a
dense integrated circuit doubles approximately every two years. "In

about 10 years or so, we will see the collapse of Moore's Law," Kaku
said. "In fact, we already see a slowing down of Moore's Law.
Computing power simply cannot maintain its rapid exponential rise
using standard silicon technology. Kaku, like so many scientists before
him, said recently the two main problems that will derail Moore's Law
are heat and leakage. "That's the reason why the age of silicon will
eventually come to a close," he said.

9. How did Dr. Michio Kaku explained The Internet: The Magic Mirror?
Why is it that the internet mirrors prosperity?
Dr.Kaku explained The Internet: The Magic Mirror: because in the
near future, the internet can access the entire database of human
knowledge. The internet mirrors prosperity because internet is
everywhere, if a certain country has no access to internet, then such
country is experiencing great poverty.

10. Choose either one of the articles featured and discuss how
economics may be considered as behind all their endeavors.
The article that Ive chosen is Back To The Moon For Good; Google
Lunar Xprize. This article tells us that the moon has abundant
resources more like a treasure chest of rare metals and other beneficial
materials that can be used here on Earth. A successful Google Lunar
XPRIZE would result in cost-effective and reliable access to the Moon,
allowing for the development of new methods of discovering and using
space resources, and in the long-term, helping to expand human
civilization into space. If this happens the moon might become of
economic interest in the longer term. Economics clearly is behind the
endeavors of this huge event in mankind. The demand of our resources
is getting bigger every day and we only have limited resources and the
moon is another source. And I think this is the future for us all.