Suppose That in Enigma, Ohio, Klutzes Have a Productivity of $1,000

question 18

Multiple Choice

Suppose that in Enigma, Ohio, klutzes have a productivity of $1,000 and kandos have a productivity of $5,000 per month.You can't tell klutzes from kandos by looking at them or asking them, and it is too expensive to monitor individual productivity.Kandos, however, have more patience than klutzes.Listening to an hour of dull lectures is as bad as losing $250 for a klutz and $150 for a kando.There will be a separating equilibrium in which anybody who attends a course of H hours of lectures is paid $5,000 per month and anybody who does not is paid $1,000 per month

• A)only in the limit as H approaches infinity.
• B)if 16 < H < 53.33.
• C)for all positive values of H.
• D)if 16 < H < 26.67.
• E)if 14 < H < 23.33.

Understand the Davis-Moore thesis on social stratification and meritocracy.

Discuss the impact of economic policies on individual debt loads among Canadians.

Compare and contrast Marx and Weber's perspectives on religion and capitalism.

Recognize the differences in how Marx and Weber defined social classes.

---

Definitions:

Intelligence

A mental capacity involving the ability to reason, plan, solve problems, think abstractly, comprehend complex ideas, learn quickly, and learn from experience.

Performance IQ

A measure of a person's ability to solve problems, manipulate objects, and think abstractly, as assessed by certain IQ tests.

Wechsler Adult Intelligence Scale

A widely used test for assessing the intelligence and cognitive ability of adults and older adolescents.

Arrange

To organize or put things in a particular order or configuration, often to achieve a specified purpose or effect.