If the signaling theory of education is correct,
a. education increases productivity and educated workers are paid more.
b. education increases productivity but educated workers are not paid more.
c. education does not increase productivity but educated workers earn more.
d. education does not increase productivity and educated workers do not earn more
c
You might also like to view...
It is impossible to figure out the "true" or "final" cost of getting an education at public schools because
A) no one has an incentive to keep accurate figures. B) an education at any public school is in most, if not all cases, a free good. C) an education is necessary. D) things in themselves have no cost.
Involuntary part-time workers are:
A. discouraged workers. B. counted as unemployed. C. considered out of the labor force. D. counted as employed.
Which of the following could not be commodity money?
A. U.S. Currency B. Silk C. Gold coins D. Cigarettes
Warranties reduce information asymmetry.
Answer the following statement true (T) or false (F)