ECONOMICS
INCENTIVES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Choose the first answer that sounds right to me.
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Read all the answer choices before picking one.
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Say “eeny meeny miney moe” to pick an answer.
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Ask my friend to help me.
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Detailed explanation-1: -As we pointed out in the previous section, there is usually a best answer to every multiple-choice question. If you quickly assume you know the correct answer, without first reading every answer option, you may end up not selecting the best answer.
Detailed explanation-2: -Eliminate the highest and lowest options. Certain questions have answers that are closely related or almost identical, except for one detail. This should be your clue to choose one of the two similar answers. The similar choices cannot both be correct, but either of them may be the correct answer.
Detailed explanation-3: -Preparing for multiple choice exams Don’t look at the answers or solutions until you have already answered the question on your own. Only look at the answers to check and see if you were right. Use the practice test as a study tool. Take the incorrect answer choices from each question and make them correct.
Detailed explanation-4: -Read very carefully. Take the time to carefully read each question and answer choice. Come up with your own answer. Look for common types of wrong answers. Eliminate answers in two rounds. Do not obsess over your choices. Manage your time. Answer every question. 15-Nov-2022