You Are the Hiring Director of a Large University's IRB,working

question 46

Multiple Choice

You are the hiring director of a large university's IRB,working according to the rules of the National Research Act of 1974.Who would you recruit to serve on the board?

• A)all research scientists with experience in ethical challenges
• B)a broad range of experts from the university,and one community member
• C)research scientists from outside the university,so none would have conflicts of interest
• D)a lawyer,a policy maker,an ethicist,and a variety of research professors

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Definitions:

Excise Tax

A specific tax levied on certain goods, such as cigarettes or alcohol, usually to discourage their use or generate revenue.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount they actually pay.

Producer Surplus

The difference between what producers are willing to sell a good for and the actual price they receive, reflecting extra profit.

Relatively Elastic

Refers to a situation in which the demand or supply for a good or service greatly responds to changes in price.