A Sample of General Mills Employees Was Studied to Determine

question 25

Multiple Choice

A sample of General Mills employees was studied to determine their degree of satisfaction with
Their present life. A special index, called the index of satisfaction, was used to measure satisfaction.
Six factors were studied: age at the time of first marriage (X1) , annual income (X2) , number of
Children living (X3) , value of all assets (X4) , status of health in the form of an index (X5) , and the
Average number of social activities per week (X6) . Suppose the multiple regression equation is:
Y' = 16.24 + 0.017X1 + 0.00028X2 + 42X3 + 0.0012X4 + 0.19X5 + 26.8X6.
What is the estimated index of satisfaction for a person who first married at 25, has an annual
Income of $26,500, has two children, has assets of $156,000, has in index of health status of 141,
And has 2.5 social activities per week?

• A) 389.1
• B) 421.6
• C) 366.0
• D) 601.6
• E) 769.8

Describe the characteristics and provision challenges of public and quasi-public goods.

Discuss rent-seeking behavior and the principal-agent problem in representative democracies.

Assess the efficiency of private versus public sector institutions.

Evaluate government intervention in the economy through mechanisms such as subsidies and deregulation.

---

Definitions:

Nursing License

A certification granted by a governing body that allows an individual to practice nursing legally.

Advance Directives

Legal documents that allow individuals to outline their preferences for medical care if they become unable to make decisions for themselves.

Legal Requirement

A rule or regulation enacted by a governing body that is binding and must be followed by individuals or entities under its jurisdiction.

Patient Admission

The process of registering and accepting a patient into a healthcare facility for treatment and care.