Welcome to UCLA Anderson Review’s quiz, in which we aim to extract business and life lessons from faculty research we cover each month. Should a question pique your interest, you can click through to the Review article for a full explanation of the research. Give yourself a gold star if you answer all five questions correctly, but the real reward will be encountering useful and interesting information. Comments and suggestions welcome.
By staying put, Americans reduced the coronavirus transmission rate by roughly half. Did they mostly stop moving around before official stay-at-home orders or wait until after orders were imposed?
Rather than lay off workers, the CARES Act pays some employers to keep workers on the payroll. What’s the effect of this practice?
Allows companies to restart faster after the crisis.
Reduces the long-term financial pain for employees.
Could wind up costing less than paying jobless benefits.
All of the above.
Nearly all Medicare patients are accepted by their first choice among nursing homes. How often do Medicaid patients expecting a lengthy stay get their first choice?
About half the time.
At the same rate as Medicare patients — there are plenty of rooms.
A new 12-month high in the local unemployment rate is reported. What happens to consumer spending in the area?
It’s curtailed gradually as the jobless rate rises to the reported level, mirroring consumers’ rising concern.
It isn’t affected at all.
It remains largely unaffected until the 12-month high occurs, then falls about 2%.
Which of these forms of borrowing reduces happiness the most?
Credit card balances.