In Order for a College Degree to Be Effective as a Signal

question 17

Multiple Choice

In order for a college degree to be effective as a signal of worker productivity:

• A)it must be easy for everyone to get a college degree.
• B)it must be costly for low productivity workers to get a college degree.
• C)potential employers must understand the principal-agent problem.
• D)it must completely eliminate moral hazard.

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Definitions:

Union Representation

The act of a labor union serving as an intermediary between employees and employers to negotiate wages, work conditions, and other employment terms.

Worker Thread

In computing, a smaller sequence of programmed instructions that can be executed independently, particularly in the context of multi-threading within applications.

Wagner Act

also known as the National Labor Relations Act of 1935, is a foundational statute in United States labor law which protects the rights of employees to organize unions and engage in collective bargaining.

Unfair Labor Practices

Actions by employers or unions that violate the rights of employees or the collective bargaining agreement.