Question

The problem of the shockingly high death rate among British prisoners en route to Australia was solved by: D one of the sea captains. D an economist D a member of the clergy D a member of Parliament.

Answer 1

Economist is a person which deals with the economic issues in the country. In this case, the death rate of prisoners among British prisoners en route to Australia is very high. This issue needs to be resolved as it hampers economy as a whole. Thus, the issue of higher death rate was solved by an economist. Thus, the correct option is (B) To improve the survival rate of prisoners, the economist gives the idea that the payment to sea captains made on the basis of the number of prisoners who arrived alive instead of the number of prisoners who embarked for Australia. The correct option is (A). As a result of this changed incentivization program, the survival rate among prisoners being shipped to Australia rose to 99%. Thus, the correct option is (B) It is clear from above results that it is the result of incentivization that which ship captains responded. Thus, the correct option is (A), that is, they (ship captains) responded to incentives. The solution provided by economist worked because it aligned the best interest of the sea captains (that is, money) with the best interest of society (that is, survival). Thus, the correct option is (B) Managing the resources in optimal manner is the basic of economics. Money is an important resource and economics gives better understanding in how to manage the money and invest in the stock market. But there is much more to economics that that. Thus, the correct option is (C).