Weekly Review Quiz as of 2014-07-17 Economics: Micro The Corruption of Peer Review is Harming Scientific Credibility by Hank Campbell 07/14/2014 http://online.wsj.com/articles/hank-campbell-the-corruption-of-peer-review-is-harming-scientificcredibility-1405290747 1. In his opinion piece about the corruption of the peer review process for academic journals, Hank Campbell suggests that ________ is a fundamental tenet of science. a) ethical behavior * b) replication c) peer review d) openness e) truth 2. In his opinion piece about the corruption of the peer review process for academic journals, Hank Campbell contends that even the most rigorous peer review can be effective only if a) at least two people review papers before journal editors decide whether to accept the papers for publication. b) there is double-blind review of papers submitted to academic journals. c) there is single-blind review of papers submitted to academic journals. d) journals increase the number of peer reviewers. * e) authors provide the data they used to reach their results. Game Theory Secrets for Parents by Jennifer Breheny Wallace 07/12/2014 http://online.wsj.com/articles/game-theory-secrets-for-parents-1405005848 3. The essay “Game Theory Secrets for Parents” offers the advice that an effective punishment of a child must * a) be credible. b) be large enough to deter the unwanted behavior. c) increase with the child's age. d) decrease with the child's age. e) be delivered with care and love. 4. It's time to clean up, but neither of your kids will budge. The essay “Game Theory Secrets for Parents” offers the advice that the parent should a) ignore the children. b) reward cleaning up, while never punishing children for not doing so. c) promise the stiffest credible punishment. d) threaten the stiffest credible punishment. * e) ask the children to take turns putting one toy away until the job is completed. Google Faces New Search Complaint by Rolfe Winkler 07/11/2014 http://online.wsj.com/articles/google-faces-new-search-complaint-1405030654 5. Google Inc. rival Yelp Inc. says the search giant is promoting its own content at the expense of users, as Google battles to protect a proposed deal in ________ over similar concerns. a) Australia b) Canada c) China * d) Europe e) The United States 6. Google Inc. rival Yelp Inc. says the search giant is promoting its own content at the expense of users. A spokesman for Google responded by saying, "We build Google Search for our users and our goal is to a) encourage users to search with Google." b) steer Google users to our own sites." c) provide the information that we think best matches the user's intent." d) provide information as quickly as possible." * e) provide the right information at just the right time." Diamonds Regain Their Sparkle for Miners on Rising Demand and Prices by Alexis Flynn 07/11/2014 http://online.wsj.com/articles/diamonds-regain-their-sparkle-for-miners-on-rising-demand-andprices-1404826159 7. For years, ________ made many of the world’s biggest mining companies question whether it was worth staying in the diamond business. a) falling commodity prices b) rising mining costs c) rising shipping costs * d) falling commodity prices and rising mining costs e) falling commodity prices and rising shipping costs 8. At this point in time, ________ is the most profitable part of the diamond value chain. a) selling the stones in retail stores b) cutting the stones * c) digging the stones out of the ground d) setting the stones e) polishing the stones Reynolds American, Lorillard Confirm Merger Talks by Mike Esterl and Peter Evans 07/11/2014 http://online.wsj.com/articles/imperial-tobacco-eyes-reynolds-lorillard-assets-1405061215 9. Reynolds American is in talks to buy smaller rival Lorillard, both companies confirmed, in a multibillion-dollar deal that would reshape the U.S. tobacco industry and create a more-powerful No. 2 to industry leader Altria. The Wall Street Journal reports that the potential acquisition faces significant risks, including * a) tough anti-trust scrutiny. b) Food and Drug Administration scrutiny of cigarette pricing. c) approval by dominant shareholders. d) declining U.S. demand for cigarettes. e) declining world-wide demand for cigarettes. 10. Reynolds American is in talks to buy smaller rival Lorillard, both companies confirmed, in a multibillion-dollar deal that would reshape the U.S. tobacco industry and create a more-powerful No. 2 to industry leader Altria. The deal could thrust menthol cigarettes a) into greater competition with discount cigarettes. b) into greater competition with e-cigarettes. c) into greater competition with Altria. * d) further into the regulatory spotlight. e) into the minds of teenage smokers.