Assessment Answers

Assessment Answers - Accor ding to the syllabus, if a...

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Accor ding to the syllabus, if a student is unable to take a midterm exam ________ . Student Response Value Correct Answer A. the weight of the missed midterm exam will be added to the comprehensive final exam. 100% B. he/she will be given a make- up midterm exam once written documentation explaining the absence is provided to the instructor. C. he/she will be given the option of taking a take-home essay midterm exam which will be due one week after the missed exam. D. he/she will be given a make- up midterm exam at the end of the semester. General Feedback: See "Exam Make-Up Policy" on p. 6 of the syllabus. Score: 10/10 If you are absent from class, you will be allowed to make a copy of the instructor's notes during her office hours. Student Response Value Correct False 100% False General Feedback: Score: 10/10 3.
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According to William Parker (1986), economics provides historians with a theoretical framework for organizing and interpreting historical facts. Student Response Value Correct True 100% True General Feedback: From our 8/18 discussion of the Parker's quote, as provided in the topic outline. Score: 10/10 4. Alfred Conrad and John Meyer questioned the validity Ulrich Phillips' research because: Student Response Value Correct Answer A. Phillips reported that cotton prices were steadily falling when, in fact, they were rising. B. Phillips results indicated that slave owners systematically engaged in irrational behavior. 100% C. Phillips used a version of the asset-pricing model that did not incorporate a discount rate. D. Phillips only considered data for the 1820s and 1830s. General Feedback: Phillips concluded that owning slaves was becoming increasingly unprofitable in the 20 years prior to the Civil War. Conrad and Meyer note that this implies that slave owners were engaging in irrational (non-maximizing) behavior. Since economic models generally assume rational Score: 10/10 5.
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Conrad and Meyer (1958) used an asset-pricing model to study antebellum slavery. According to their model, which of the following could THEORETICALLY cause slave prices to increase? (Consider the theoretical possibilities, not the actual results.) Student Response Value Correct Answer A. an increase in the price of cotton B. a decrease in slave maintenance costs C. an increase in the marginal product of a slave 0% D. a decrease in the discount rate E. All of the above. General Feedback: Using the model presented in class on 8/18, the price of slaves will increase if PC increases, MPS increases, M decreases, or r decreases. Score:
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Assessment Answers - Accor ding to the syllabus, if a...

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