14. Consider the following questions: a. Do you think that your work effort is influenced by whether

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14. Consider the following questions:

a. Do you think that your work effort is influenced by whether there is a close link between personal output and personal compensation

(reward)? Explain.

b. Suppose the grades in your class were going to be determined by a random drawing at the end of the course. How would this influence your study habits?

c. How would your study habits be influenced if everyone in the class was going to be given an A grade? How about if grades were based entirely on examinations composed of the multiple-choice questions in the coursebook for this textbook?

d. Do you think the total output of a nation will be influenced by whether or not there is a close link between the productive contribution of individuals and their personal reward? Why or why not?

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Macroeconomics Private And Public Choice

ISBN: 9781111970628

14th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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