Mark Is a Participant in a Sleep Study at His

question 43

Multiple Choice

 Mark is a participant in a sleep study at his university. The researchers observe that Mark enters REM sleep earlier in the night than most of their other participants, and he spends a greater than normal proportion of his sleep time in REM. They explain to Mark that

• A) he should be evaluated at the student health center for depression.
• B) his sleep is within normal ranges for a young adult.
• C) he probably is working out too strenuously at the gym right before bedtime.
• D) he probably should avoid taking so many morning courses, as he is likely to be an "owl."

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Definitions:

Industrial Regulation

Oversight and rules established by government agencies to govern how businesses can operate in certain industries to promote fair practices and competition.

X-inefficiency

A situation where a firm operates with higher than necessary costs due to a lack of competition or other inefficiencies, not achieving maximum productivity.

Principal-agent Problems

Conflicts of interest and challenges in monitoring that arise in relationships where one party (the agent) is supposed to act in the best interest of another (the principal).

Paradox of Voting

The situation where individual rationality leads to a collective decision that is worse for everyone involved.