Do you agree with the Reeves v. Ernest & Young court that the Family Resemblance test and the Investment versus Commercial tests are really two ways of formulating the same general approach? Explain
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Do you agree with the Reeves v. Ernest & Young court that the Family Resemblance test and the Investment versus Commercial tests are really two ways of formulating the same general approach? Explain.
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- Suppose a municipality were considering a ban on sugary soft drinks. They estimate that 20% of the obesity in the city can be attributed to sugary soft drinks, and thus the ban would be expected to reduce obesity by 20%, citywide. Which measure corresponds to '20%? a. Odds ratio b. Population attributable proportion c. Cumulative incidence d. Relative risk e. Risk difference f. Attributable risk among the exposedOne-Jet Airlines has 100 customers and is the only airline servicing two small cities in the Midwest. Half of One-Jet’s customers are leisure travelers and half are business travelers. Business travelers are willing to pay $600 for a ticket that does not require a Saturday stayover and $100 for a ticket that requires a Saturday stayover. Leisure travelers are flexible, willing to pay $300 for a ticket regardless of whether it requires a Saturday stayover. One-Jet is unable to determine whether a particular customer is a business or leisure traveler. Consequently, the airline’s current pricing policy is to charge $300 for all tickets. As a pricing consultant for One-Jet Airlines, can you devise a self-selection mechanism that will permit One-Jet to increase revenues and continue to serve all its customers? Explain.While randomized control trials are gold-standard, we don't use them in economics often to explore causal relationships. Why? Provide three reasons.
- Suppose now that instead of herders buying the UThere phones, herders in the region were randomly given either a new UThere phone or soap of equivalent value. The impact evaluation team then randomly surveyed 250 herders who receive the phone and 250 who received the soap. When you directly compare average income for these two groups, the difference gives you: Naïve ATE due to selection bias, since those who randomly got phones are different from those who got soap. True ATE due to the randomization which implies that those who got soap are otherwise comparable to those who got phones. different way of measuring selection bias due to the randomization, since getting soap might increase the average income but not as much as UThere phones. the same value of Naïve ATE that you might expect to get without a random distribution of phones and soap.Following are the results of a study that used a case–control design. This study evaluated factors associated with admission to college. A total of 650 students were admitted to college (cases), and they were compared to 650 students who were not admitted to college (controls). The purpose of this study was to identify factors that are associated with the likelihood of being accepted into college. (8 questions) Results of a Hypothetical Study of Factors Related to Admission to College Factor Odds Ratio Female gender 1.4 Alcohol consumption 0.5 Sedentary life 1.0 Smoking 0.4 Illicit drug use 0.2 Regular sports practice 2.1 True or False regarding this case–control study. Being female was…Compare and contrast the Equity Theory vs. the Attribution Theory.
- Multiple choice 14. Mark is a Canadian lumberjack whose income increases from $1,200 per week to $1,500 per week. If his demand for restaurant meals rises from 2 to 4 per week then...Select one: a.Ey = 3 b.Ey = 0.5 c.Ey = 2.5 d.Ey = -1 15. Which of the following would help support the argument for legalizing drugs?Select one: a.None of the other choices b.The demand curve for illegal drugs in relatively elastic c.The demand curve for illegal drugs is relatively inelastic d.The demand curve for illegal drugs is perfectly elastic 16. The Philippines Government is thinking of increasing taxes on gasoline and cigarettes in order to raise tax revenue. This would...Select one: a.None of the above are correct b.Be a good idea if gasoline and cigarettes are inelastic goods c.Be a poor idea because people would stop consuming these goods d.Be a good idea if gasoline and cigarettes are elastic goods 17. If Exy > 0 then goods x and y areSelect one: a.Substitutes b.Normal goods c.Inferior goods…Determine whether the following passage contains an argument. If an argument is present, indicate its form: affirming the antecedent, denying the antecedent, affirming the consequent, denying the consequent, or tri-conditional. (1) If President Biden was born in Canada, then he is a Canadian citizen. (2) President Biden is not a Canadian citizen. Tf, (3) President Biden was not born in Canada. Question 1 options: Affirming the antecedent Denying the antecedent Affirming the consequent Denying the consequent Tri-conditional Determine whether the following passage contains an argument. If an argument is present, indicate its form: affirming the antecedent, denying the antecedent, affirming the consequent, denying the consequent, or tri-conditional. (1) Bill Gates owns the moon only if he is very rich. (2) Bill Gates is very rich. Tf, (3) Bill Gates owns the moon. Question 2 options:…H3. TRUE OR FALSE Consistent extremists are a high percentage of the American population (over 20%).
- True or False: Employee compensation in the form of health insurance is currently subject to personal taxation, making it less desirable for people to get health insurance provided by their employer and more desirable for them to purchase it from a private insurance company.Parker Plaintiff is in a hurry and stops by a convenience store for a drink. The store is out of her favorite brand of soda, so Parker decides to go elsewhere. Before Parker can leave, she is stopped by a store employee that accuses her of shoplifting. The employee escorts Parker to a small room in the back of the store and tells Parker that if she attempts to leave the room, she will be arrested and sent to jail. Parker waits for over an hour before the manager tells her that she is free to go. What advice would you give Parker? Discuss the possible tort claim Parker might have against the store. Be sure to include the elements of the tort and relate those elements to the scenario. If Parker decides to pursue a claim against the store, should she consider a lawsuit, mediation, or arbitration? explain why your choice is the best option.Why is the conclusion of the Compensation test principle considered unethical?