How is a class in which students are graded on a curve like a competitive market?
A) In both cases, the quantity supplied equals the quantity demanded.
B) In a competitive market, demanders compete against one another for goods, the same way students compete for grades.
C) In a competitive market, demanders compete against suppliers for goods, the same way students compete for grades.
D) If the price is too high, demanders should blame suppliers, the same way students should blame professors for bad grades.

Question

Quizplus · Accepted Answer

In both cases, individuals are competing against each other for a limited and valued resource (goods or grades). In a competitive market, demanders compete against each other for goods, just like students compete against each other for grades in a curved class. Both require individuals to outcompete their peers to achieve a desired outcome.

How Is a Class in Which Students Are Graded on a Curve