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Which statement about the HK efficiency of the simplest signalling and human capital models is correct? a)Education should be taxed in a signalling model and
Which statement about the HK efficiency of the simplest signalling and human capital models is correct?
a)Education should be taxed in a signalling model and not in a human capital model
b)Education should be taxed in a signalling model and subsidized in a human capital model
c)It depends on your preferences for redistribution: if you strongly prefer redistribution, education should be subsidized
d)Education should not be subsidized at all
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