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- Give proper explanation Since states are not in agreement as to how to establish a design defect, what two theories have evolved to determine when a product is so defective as to be dangerous? Multiple Choice The consumer expectations test and the feasible alternatives test. The consumer expectations test and the breached warranty test. The feasible alternatives test and the consumer user test. The design defect test and the market expectations test. The consumer propensity test and the market expectation test.only the final answer witout explain 1-Risk analysis using simulation is like performing many what-if scenarios by randomly generating values for the probabilistic inputs. True FalseMichael believes the following model is correct: Wage = B0 + B1 *Schooling + B2* Experience + B3*Experience2 + u Anna thinks the following model is correct: Wage = B0 + B2* Experience + B3* Experience2 + u 1) Cleo notes that you need a job to get a wage. Which one of the potential threats to internal validity does this relate to? 2) Peter notes that if you have a high wage, you can pay for more schooling. Which one of the potential threats to internal validity does this relate to?
- Which of the following best describes a characteristic of action research?A. It engages participants in the diagnosis and solution of social problems identified bygovernments and researchers.B. It aims to be inclusive of viewpoints expressed by different groups about social problemsin a research setting.C. It aims to change participants' circumstances in a research setting by seeking a convenientsolution to social problems.D. It produces reliable data because it stands on the side of research participants in the studyof social problems.2 A researcher hypothesizes that individuals with better childhood finances will have a higher life satisfaction. She also hypothesizes that individuals with better childhood finances will have better financial satisfaction as adults. Finally, she believes that people with better financial satisfaction as adults will have better life satisfaction as adults. Sketch out a diagram of this conceptual model to support her argument, including “+” or “-” to indicate the direction of relationships. Indicate which variable is a mediator, and also indicate whether we are hypothesizing a positive or negative indirect effectWhich country do you prefer andwhy? Prove your decision numerically, graphically, and with respect to relevant economics theory please
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