Question
In: Economics
Should grades in an economics class be “rationed” according to dollar price instead of how well...
Should grades in an economics class be “rationed” according to dollar price instead of how well a student does on exams? If they were and prospective employers learned of it, what effect might this have on the value of your college degree?
Solutions
Expert Solution
As we all know that according to the current education system grade reflect the knowledge as well as the ability a student. So, better the grade correspond more the student have knowledge as well as ability. Now, if they were rationed according to dollar price instead of exams, => the degree will not reflect the students actual performance as well knowledge, it will only reflect the dollar value of the degree as well the person those who are able to pay for it. Which implied only the wealthier people will be able to make those degrees in exchange of dollar and poor people will remain poor instead they have good knowledge good ability.
We also know that employer will employ people depending on the grade their results, because that correspond their knowledge their ability, how a particular person is suitable for the particular profession. But if it were, then their judgement will go totally wrong ,=> “grade” should not “rationed” according to the dollar value.
Rahul Sunny answered 1 year agoRelated Solutions
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Grade
Expected
Frequency (Observed)
Greater than A
5
7
A
6
9
B
8
4
C
3
4
D
1
0
F
2
1
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trying to predict how well the class will do on the final exam. The
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Grade
Expected
Frequency (Observed)
Greater than A
5
7
A
6
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B
8
4
C
3
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D
1
0
F
2
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