Most Law Schools Are Incredibly Competitive, with Relative Class Position

question 165

Multiple Choice

Most law schools are incredibly competitive, with relative class position (determined by grades) having a major impact on a student's ability to get a well-paying job. Which of the following is the most likely unintended consequence of this system?

• A) Some students will not try hard since everyone's grades are relative.
• B) Some students will complain about their grades more often, leading professors to inflate them.
• C) Some students will work in groups more often.
• D) Some students will sabotage their peers' study efforts.

Know the primary online and algorithm-based tools for stock market analysis and investment decisions.

Distinguish between common and preferred stock, including reasons for issuance and buying motivations.

Understand the principles of short-term and long-term stock investment techniques.

Explain dollar cost averaging and its advantage to investors.

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Definitions:

Equilibrium GDP

is the level of Gross Domestic Product where aggregate supply equals aggregate demand in an economy.

Aggregate Supply Curve

The relationship between the total quantity of goods and services that firms are willing to produce and sell at different price levels in an economy.

Laissez-Faire Capitalism

An economic system where private parties are free to engage in economic activities with minimal government intervention.

Classical System

The classical system in economics refers to a school of thought that emphasizes free markets, competition, and the self-regulating nature of economies.