Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

N1 If obtaining degrees is costly in terms of social resources and does not improve productivity but only redistributes income to high-ability workers, then it

N1

If obtaining degrees is costly in terms of social resources and does not improve productivity but only redistributes income to high-ability workers, then it is an example of

a.)unproductive signalling.

b.)labour market equilibrium.

c.)optimal signalling

d.) a pooling equilibrium.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foundations of Macroeconomics

Authors: Robin Bade, Michael Parkin

8th edition

134492005, 978-0134492001

More Books

Students also viewed these Economics questions

Question

1. To generate a discussion on the concept of roles

Answered: 1 week ago

Question

6. What information processes operate in communication situations?

Answered: 1 week ago