TAKE HOME ASSIGNMENT 1. Who has a better incentive to work long hours in a laboratory researching new cures for diseases: a scientist who earns a percentage of the profits from any new medicine she might invent, or a scientist who will get a handshake and a thank you note from her boss if she invents a new medicine?
TAKE HOME ASSIGNMENT 1. Who has a better incentive to work long hours in a laboratory researching new cures for diseases: a scientist who earns a percentage of the profits from any new medicine she might invent, or a scientist who will get a handshake and a thank you note from her boss if she invents a new medicine?
Ciccarelli: Psychology_5 (5th Edition)
5th Edition
ISBN:9780134477961
Author:Saundra K. Ciccarelli, J. Noland White
Publisher:Saundra K. Ciccarelli, J. Noland White
Chapter1: The Science Of Psychology
Section: Chapter Questions
Problem 1TY
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![TAKE HOME ASSIGNMENT
1. Who has a better incentive to work long hours in a laboratory researching new cures for diseases:
a scientist who earns a percentage of the profits from any new medicine she might invent, or a
scientist who will get a handshake and a thank you note from her boss if she invents a new
medicine?
2. In the discussion of Big Idea Five, we identified that, "self-sufficiency is death" because most of us
would not be able to produce for ourselves the food and shelter that we need to survive. In
addition to death, however, one could also say that self-sufficiency is boredom or ignorance. How
does specialization and trade help you to avoid boredom and ignorance?
Use the idea of the "division of knowledge" to answer the following questions:
3.
Which country has more knowledge: Utopia, where in the words of Karl Marx, each
person knows just enough about hunting, fishing, and cattle raising to "hunt in the
morning, fish in the afternoon, [and] rear cattle in the evening," or Drudgia, where one-
а.
third of the population learns only about hunting, one-third only about fishing, and one-
third only about cattle raising?
b. Which planet has more knowledge: Xeroxia, each of whose 1 million inhabitants knows
the same list of 1 million facts, or Differentia, whose 1 million inhabitants each know a
different set of 1 million facts? How many facts are known in Xeroxia? How many facts
are known in Differentia?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbff14390-03bd-4a1a-84d2-b0f7d3d0c68b%2F9e3fa464-1c4e-49c8-9096-c8f605425af3%2Fvblin3g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:TAKE HOME ASSIGNMENT
1. Who has a better incentive to work long hours in a laboratory researching new cures for diseases:
a scientist who earns a percentage of the profits from any new medicine she might invent, or a
scientist who will get a handshake and a thank you note from her boss if she invents a new
medicine?
2. In the discussion of Big Idea Five, we identified that, "self-sufficiency is death" because most of us
would not be able to produce for ourselves the food and shelter that we need to survive. In
addition to death, however, one could also say that self-sufficiency is boredom or ignorance. How
does specialization and trade help you to avoid boredom and ignorance?
Use the idea of the "division of knowledge" to answer the following questions:
3.
Which country has more knowledge: Utopia, where in the words of Karl Marx, each
person knows just enough about hunting, fishing, and cattle raising to "hunt in the
morning, fish in the afternoon, [and] rear cattle in the evening," or Drudgia, where one-
а.
third of the population learns only about hunting, one-third only about fishing, and one-
third only about cattle raising?
b. Which planet has more knowledge: Xeroxia, each of whose 1 million inhabitants knows
the same list of 1 million facts, or Differentia, whose 1 million inhabitants each know a
different set of 1 million facts? How many facts are known in Xeroxia? How many facts
are known in Differentia?
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