Certain universities give written evaluations of student performance rather than letter grades. One rationale is that eliminating the letter-grade system reduces the pressure on students, thus enabling them to do better in school. Why might this policy help or hurt students?
Answer to relevant QuestionsSometimes a group of hungry students will go to a restaurant and agree to share the bill at the end regardless of who orders what. What is the implication of this fee-sharing arrangement on the size of the overall bill? Why?Traditionally, doctors have been paid on a fee-for-service basis. Now doctors are increasingly paid on a capitated basis (they get paid for treating a patient for a year, regardless of how much treatment is required), though ...A health insurance company tries to prevent the moral hazard of “excessive” dentist visits by limiting the visits per person per year to a specific number. How does such a restriction affect moral hazard and risk ...If a policy change causes a Pareto improvement, is the outcome necessarily Pareto efficient? If a situation is Pareto efficient, are Pareto improvements possible? If a change occurs that causes a Pareto efficient outcome, is ...A maker of specialty soaps supplies a unique soap made from a cactus extract to the only two retailers in a small town. The producer sells the soap to the retailers at the marginal cost of production of the soap, $ 1 per ...
Post your question