In the Spence education signaling model, what is the social value of education?
a. Employees improve their ability to perform on the job.
b. Employers can use education as a screen to match talented employees with high-skill jobs.
c. Employers can save the costs of on-the-job training, which is less efficient than a general education.
d. It allows low-ability employees to apply for high-salary jobs.
b
Economics
You might also like to view...
Which of the following U.S. taxes is the most consistent with the ability-to-pay principle?
a. The excise tax on gasoline. b. The federal income tax. c. State sales taxes. d. The Social Security payroll tax.
Economics
Society as a whole is made worse off by rent seeking behavior by producers
Indicate whether the statement is true or false
Economics