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Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow
Edition 14ISBN: 978-1337794985Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow
Edition 14ISBN: 978-1337794985 Exercise 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?
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?
Explanation
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(a) Work effort is influenced in a posit...
Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow
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