In the standard scoring procedure for multiple-choice exams, students must choose exactly one response as correct. Often students may be unable to identify the correct response, but can determine that some of the options are incorrect. This partial knowledge is not captured in the standard scoring format. The Coombs elimination procedure is an alternate scoring procedure designed to capture partial knowledge. This paper presents the results of a semester-long experiment where both scoring procedures were compared on four exams in an undergraduate macroeconomics course. Statistical analysis suggests that the Coombs procedure is a viable alternative to the standard scoring procedure. Implications for classroom instruction and future research are also presented.

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While baseball fans will always argue whether the old-time players were better than today's players, one thing is clear Babe Ruth, Walter Johnson, and other greats from the past would welcome the opportunity to sell their talents to the highest bidder in the modern Major League Baseball (MLB) labor market. Using a salary equation and the performance statistics of these and other old-time All Stars we estimate the salaries "Old-Time Greats" would command in a modern market for MLB players. We find that Babe Ruth might have been ahead of his time in understanding the market value of a quality baseball player, but he was behind the times in his ability to generate a salary commensurate to his performance.In 1930, when Babe Ruth was told that President Hoover made less than the $80,000 Ruth was demanding, Ruth replied, "What the hell has Hoover got to do with it? Besides, I had a better year than he did."