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Pirate Captains During the 1600s Compensated Crewmembers with a Form

Question 88

Multiple Choice

Pirate captains during the 1600s compensated crewmembers with a form of health insurance. If a member lost a hand or leg or other appendage during a fight, he would get a free prosthetic (e.g., a wooden leg, which were quite expensive even then) . What kind of incentive structure does this most closely resemble? (Hint: Those who lost a limb generally did so because they were doing a larger share of the fighting.)


A) hourly rates
B) tournaments
C) piece rates
D) corporate culture

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