Mrs Cook is an English teacher. If a student forgot their memorised speech in the middle...
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Mrs Cook is an English teacher. If a 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 if she forgot everything after that. Answer the 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 Type in D for decrease, R for remains the same, C for increase, or U for memorising their speeches? unable to tell. b. The above answer demonstrates the occurrence of which economic concept? P for Principal agent issue, C for Competitive market, L for Lemons Model, A for Adverse selection. Type in M for Moral hazard, c. If Mrs Cook decides to penalise students that have to look at their script with a 10% deduction in marks, what economic problem would she be attempting to reduce? Type in M for Moral hazard, P for Principal agent issue, L for Lemons Model, A for Adverse selection. Mrs Cook is an English teacher. If a 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 if she forgot everything after that. Answer the 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 Type in D for decrease, R for remains the same, C for increase, or U for memorising their speeches? unable to tell. b. The above answer demonstrates the occurrence of which economic concept? P for Principal agent issue, C for Competitive market, L for Lemons Model, A for Adverse selection. Type in M for Moral hazard, c. If Mrs Cook decides to penalise students that have to look at their script with a 10% deduction in marks, what economic problem would she be attempting to reduce? Type in M for Moral hazard, P for Principal agent issue, L for Lemons Model, A for Adverse selection.
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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