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Economics 14th Edition by James Gwartney,Richard Stroup, Russell Sobel ,David Macpherson
النسخة 14الرقم المعياري الدولي: 978-1133561644Economics 14th Edition by James Gwartney,Richard Stroup, Russell Sobel ,David Macpherson
النسخة 14الرقم المعياري الدولي: 978-1133561644 تمرين 1
a. What method is used to ration goods in a market economy? How does this rationing method influence the incentive of individuals to supply goods, services, and resources to others?
b. How are grades rationed in your economics class? How does this rationing method influence student behavior? Suppose the highest grades were rationed to those whom the teacher liked best. How would this method of rationing influence student behavior?
b. How are grades rationed in your economics class? How does this rationing method influence student behavior? Suppose the highest grades were rationed to those whom the teacher liked best. How would this method of rationing influence student behavior?
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a) Every economy in this world faces the problem of scarcity of resources in relation to their demand. Thus, in an effort to make goods available to the society at large the market economies use price as the method to ration the goods. In this manner the goods and services are supplied by producers to only those individuals who are ready and able to pay the current market price for them.
b) In a class, the grades of students may be rationed on any one of the basis, that is:
1. On the basis of student's individual performance: In this method, the students work hard to get higher grades and stay in competition. Their learning enhances.
2. On the basis of teacher's favors': In this method, those students get high grades that are liked by the teacher. It is more of personal bias. This does not create healthy competition amongst the students.
3. Thus, method 1 is better for student's grades rationing.
b) In a class, the grades of students may be rationed on any one of the basis, that is:
1. On the basis of student's individual performance: In this method, the students work hard to get higher grades and stay in competition. Their learning enhances.
2. On the basis of teacher's favors': In this method, those students get high grades that are liked by the teacher. It is more of personal bias. This does not create healthy competition amongst the students.
3. Thus, method 1 is better for student's grades rationing.
Economics 14th Edition by James Gwartney,Richard Stroup, Russell Sobel ,David Macpherson
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