This topic contains a solution. Click here to go to the answer

Author Question: Market signals are (Read 17 times)

lilldybug07

  • Hero Member
  • *****
  • Posts: 546
on: Apr 19, 2019

Question 1

In the area of market signaling, education is a strong signal in the job market because


◦ it tells employers that you have gained skills that will be useful in the work place.
◦ education is costly to obtain.
◦ education is less costly to obtain for highly productive individuals who are also likely to be highly productive in the work place.
◦ firms can easily verify your level of education.

Question 2

Market signals are


◦ actions taken by buyers and sellers to communicate quality in the presence of perfect information.
◦ only strong if obtaining the signal is more costly for individuals with valued traits than for those with non-valued traits.
◦ used to differentiate those who will drive equally carefully whether or not they have auto insurance from those who drive less carefully when they have insurance.
◦ used to distinguish between high and low quality and help correct the adverse selection problem.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by lilldybug07 on Apr 19, 2019

juiceman1987

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 64% of students answer this correctly




lilldybug07

  • Member
  • Posts: 546
Reply 2 on: Apr 19, 2019
Excellent


zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

For a complete list of videos, visit our video library