In order for education to be effective as a signal of worker productivity it must be
A. easy for everyone to get a college degree.
B. that the employee has taken classes in economics.
C. costly for less productive workers to imitate.
D. none of the above make education an effective signal.
Answer: C
You might also like to view...
Even if the City Council fixed high minimum taxi fares and gave licenses to operate to only a few cab owners, license holders would not earn large profits from operating taxis in the city because
A) people would drive their own cars. B) people would substitute buses for taxis. C) taxis are not a necessity of life. D) the cost of owning a license would eat up the potential profits from operating a taxi. E) the demand would fall as taxi fares rose.
The following table depicts the production relationship between units of labor and output of pepper on Pietrov’s Pepper Farm. Labor Peppers Labor Peppers 1 10 6 75 2 25 7 77 3 45 8 78 4 60 9 77 5 70 10 75 Graphically show the three zones of production corresponding to increasing, decreasing, and negative marginal product, noting the point of diminishing returns.
What will be an ideal response?
The reforms introduced by Congress in the 1930s led to:
A. the Great Crash. B. relative financial stability for over 70 years. C. the Great Depression to be worse than it needed to be. D. a further decline that lasted for 25 years.
Modern forms of insurance can be traced back to around:
A. the early 1400s. B. the mid 1800s. C. the late 1700s. D. the early 1900s.