Quiz 4

ReAd ThEsE InStRuCtIOnS!!!!!!

This quiz includes topics from both week 3 and week 4.

IMPORTANT NOTE, many students have lost a considerable number of points because they have failed to answer all the parts of the question.

If the question calls for an example AND a definition please make sure you put both in.

Otherwise you will only receive half credit, at BEST.

We hate having to give half credit to people who answer correctly on one half of the question!!



The answers need to be in your own words, if we find peoples answers are too similar, you will loose not only this quiz grade but ALL your previous quiz grades! That's a LOT of Zeros.


Here is a link to Quiz 4:

https://spreadsheets.google.com/viewform?formkey=dGRRVHQxc0lmSHRmQzF5cm8yWWhtZlE6MQ

Question 1:
Identify the best strategies for sampling, and state why they are the better than other sampling methods. What are the differences between these methods?

Question 2a:
Define the concept of the Tragedy of the Commons by explaining how the key conditions lead to the tragedy.

Question 2b:
Now use one example from YOUR PERSONAL LIFE to show how this concept of the Tragedy of Commons impacts you.

Question 3:
Explain how pre-existing ties can affect a person’s decision to join and stay in a group. Discuss an example from your life that demonstrates the power of pre-existing ties.

Question 4:
The principal-agent problem arises when one party needs to entrust resources or responsibilities to another (agent) when there is a potential for the agent to act against the interests of the principal. Give an example of this problem and explain 3 strategies for controlling the agent.