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Which of the following regarding education as a signalling device is correct? Lower educated workers have lower productivity. Lower educated workers may have lower marginal
Which of the following regarding "education as a signalling device" is correct?
Lower educated workers have lower productivity.
Lower educated workers may have lower marginal costs to obtain education.
The role of education in this model is only used as a filter, which has no effect on worker's productivity.
Higher educated workers have higher productivity.
Higher educated workers may have higher marginal costs to obtain education.
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