What is ‘Compensation test principle ‘? Can this principle lead to a paradoxical conclusion ? How can you make this principle full proof? Why is the conclusion of this principle considered unethical?
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Question No4
What is ‘Compensation test principle ‘? Can this principle lead to a paradoxical conclusion ? How can you make this principle full proof? Why is the conclusion of this principle considered unethical?
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- Ben Bates graduated from college six years ago with a finance undergraduate degree. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve this goal. After examining schools, he has narrowed his choice to either Wilton University or Mount Perry College. Although internships are encouraged by both schools, to get class credit for the internship, no salary can be paid. Other than internships, neither school will allow its students to work while enrolled in its MBA program. Ben currently works at the money management firm of Dewey and Louis. His annual salary at the firm is $65,000 per year, and his salary is expected to increase at 3 percent per year until retirement. He is currently 28 years old and expects to work for 40 more years. His current job includes a fully paid health insurance plan, and his current average tax rate is 26 percent. Ben has a savings account with enough money to cover the…Suppose a company is hiring graduates from Harvard and Yale and they want to hire people with very high predicted productivity. All they use to predict productivity is where they went to school and their GPA. There is no difference in average true ability between students at Harvard and Yale. However, while Yale GPAs are excellent predictors of performance at this company, Harvard GPAs are not. The company hires very few graduates and the cutoff for expected productivity is well above average. What will be true about the GPA cutoffs for the two schools? A. The cutoff for Harvard will be higher.B. The cutoff for Yale will be higher.C. The cutoffs will be the same.D. There is not enough information to answer this question.Suppose that empirical studies of the human-capital theory find conclusive evidence that education enhances productivity. What would these finding suggest for optimal public policy? Question 30 options: Compulsory schooling laws increase social well-being. The benefits of increased productivity need to be weighed against the opportunity cost of education. Everyone should be required to finish high school. A university education should be required of all members of society.
- Asking people to directly indicate their economic values in a survey is an example of what type of economic valuation? Question 14Select one: a. Travel cost models b. Contingent valuation c. Hedonic pricing d. Defensive expenditures e. Replacement cost methodsTrue 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.Q-3 Are the following statement true of false ? You need to provide an aurgument for and against it why it is so.
- 3. Suppose a selective state flagship university employs a cutoff in test scores, which is not known at the point of application, to determine admission. How might this administrative rule, combined with the observation of earnings a decade later, be used to estimate the return to attending the state flagship university? Why would the publication of the admissions cutoff to students and families before application likely invalidate this estimation approach?True or false 1. A perceived disadvantage of Rawls's social justice theory is that it does not consider the fact that people would not want to maximize benefits for the least advantaged persons 2. Ethical relativism is a moral theory which holds that individuals must decide what is ethical based on their own feelings about what is right and wrong. 3. Utilitarianism is a moral theory that chooses the greatest good to society but does not mean the greatest good for the greatest number of people. 4. According to Rawls's “social justice” theory, a person who is in a state of "veil of ignorance" is best fit to select the fairest possible ethical principles. Please help, & thank you!Please provide accurate and correct answers to both questions without explanation. Thank you for your assistance.
- Please see below. True or false answers. I believe that all the items below are true.Please answer the correct answer please Explain Don't answer by pen paper please please please.Question 18 Job-specific human capital In this problem, based on a simplified version of the model in Bhattacharya and Sood (2006), we will explore how linking employment and health insurance provision can (partially) solve the adverse selection problem if the labor market is competitive. Suppose that there are two types of workers – sickly workers with probability ps of falling ill over the course of the next year, and robust workers with probability pr < ps of falling ill. Employers cannot observe whether a worker is sickly or robust, and because of US law they can only decide to offer health insurance to all of their workers, or none at all. We will assume that a just-hired employee is less productive than an employee who has more experience; let MPn be the marginal value product of new employees, and MPe > MPn be the marginal value product of experienced employees. In this simple model, marginal value product depends only on experience, not on whether a worker is sickly or…
