If Your Economics Class Was Graded on a Curve and Everyone

question 174

Multiple Choice

If your economics class was graded on a curve and everyone agrees to study only half as much, everyone would get the same grade that they otherwise would earn. You, however, will earn an A if you study more than the others, a C if you study the same amount as others, and an F if everyone else studies more than you. You don't like studying, but you'd rather study and get an A than get a C without studying, or study and get a C than get an F without studying. If everyone else cuts back their studying, what is it in your best interest to do?

• A) study and get an A
• B) not study and get a C
• C) drop the class
• D) randomize over studying and not studying

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Definitions:

Bank's Responsibility

Obligations that banks have to ensure the security and confidentiality of their customers' personal and financial information, compliance with financial laws and regulations, and the prudent management of financial risks.

Fraudulent Use

The illegal or deceitful use of something, often for personal gain, that results in harm or loss to another party.

Bank's Responsibility

The obligations of a bank to its customers, including safeguarding deposits, processing transactions accurately, and maintaining confidentiality of client information.

Demand

An economic principle referring to a consumer's desire and willingness to pay a price for a specific good or service.