Your Economics Professor Has Announced That He or She Will

Multiple Choice

Your economics professor has announced that he or she will assign final grades as follows: the top 20 percent of students will get an A, the bottom 20 percent of students will get an F, and everyone else will get a C. You would expect that, as the semester progresses, students who really care about getting an A will:

A) study less and less to maintain low standards.
B) try to forget about the grading scheme.
C) engage in a positional arms race, studying more and more.
D) maintain a stable agreement to not study for exams.