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.