Some software firms require that applicants have passed certain standardized certification tests before being hired. This policy is necessary when
A) cheap talk does not provide a credible signal.
B) cheap talk does provide a credible signal.
C) the interests of the firm and the applicant converge.
D) the applicant is honest about her abilities.
A
Economics
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Technology can enable producers to economize on:
a. labor b. capital c. land d. any of the above.
Economics
Which of the following is not a characteristic of a competitive price-searcher market?
a. Each firm produces a differentiated product. b. The entry barriers are high. c. Each firm faces a downward-sloping demand curve. d. The number of firms in the market is large.
Economics