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QUESTION 10 Mrs Cook is an English teacher. lfa student forgot their memorised speech in the middle of it: Mrs Cook would permit them to

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QUESTION 10 Mrs Cook is an English teacher. lfa student forgot their memorised speech in the middle of it: Mrs Cook would permit them to look at a copy of their script, then continue. Jenny is lazy and does not want to memorise her speech. Instead of memorising the whole thing, she only memorises her introduction. knowing that Mrs Cook would just let her see her script ifshe forgot everything after that. Answerthe following questions: a. How would Mrs Cook's rule of allowing students to look at their script if they forgot their speech affect the likelihood of students memorising their speeches? . Type in D for decrease, R for remains the same. C for increase. or U for unable to tell. b. The above answer demonstrates the occurrence of which economic concept? . Type in M for Moral hazard. P for PrinCipal agent issue, C for Competitive market, L for Lemons Model AforAdverse selection. c. Kate wishes to be employed by the school. However, when they request from her some academic records and professional references she is unable to provide them and is not hired. Why did the school require the references? Type in F for Costly to Fake principal. M for Moral hazard. D for adverse selection, P for Principal agent

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