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The New Professor (Scenario)
Samir has recently received his Ph.D. and has begun teaching at a large university. Prior to his first day of class, Samir's department head had lunch with him and explained what was expected of a new professor in terms of maintaining discipline in his classroom, providing students with a challenging course, and keeping grades down. Later that week Samir met with other professors in a faculty meeting. During that meeting, a number of issues were discussed and, although Samir did not agree with all of them, he did not feel comfortable discussing his position because he was a new assistant professor and the others were more senior. However, in watching the reactions of other professors, he got the feeling that some of them disagreed with a few issues, too, but did not want to say anything because doing so might be disruptive.
-After Samir's students left his office he was thinking about whether it was worth the extra effort to make his students complete group assignments. He knew that working together could be challenging but he wanted his students to recognize the benefits of group decision making including________ .
Total Burden
The complete impact, often in terms of costs or taxes, borne by society or specific groups within it.
Consumer Surplus
The disparity between what consumers are prepared and able to spend for a product or service and the actual amount they end up paying.
Property Tax
A tax assessed on real estate by the local government, based on the property's value.
Elastic
Refers to the responsiveness of the quantity demanded or supplied of a good or service to a change in its price.
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