7. (a) Do you think that your work effort is influenced by whether or not there is...

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7.

(a) Do you think that your work effort is influenced by whether or not there is a close link between personal output and personal compensation (reward)? Explain.

(b) Suppose that the grades in your class were going to be determined by a random draw 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 were going to be given an A grade? if grades were based entirely on examinations composed of the multiple-choice questions in the Coursebook?

(d) Do you think that the total output of goods in the United States is affected by the closeness of the link between productive contribution and individual reward? Why or why not?

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Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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