Suppose the Minimum Time Taken to Get a University Degree

question 53

Multiple Choice

Suppose the minimum time taken to get a university degree is increased from three years to six years.Under the signalling view of education this is likely to lead to:
(i) all employers being able to better distinguish high-ability job applicants from low-ability applicants
(ii) top-tier employers (eg.investment banks, law firms) being able to better distinguish high-ability job applicants from low-ability applicants
(iii) an increase in human capital and a corresponding increasing in the marginal product of labour

• A)(i) only
• B)(ii) only
• C)(i) and (ii) only
• D)(ii) and (iii) only

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Definitions:

Existential Import

The implication that a statement has concerning the existence of the subjects it mentions.

Categorical Syllogism

A categorical syllogism is a type of deductive argument consisting of three categorical propositions that involve a set of three terms, leading to a conclusion based on logical relationships.

Venn Diagram

A diagram that uses circles to represent the relationships among various sets or groups of objects.

Syllogism Validity

A measure of whether a deductive argument is logically sound, where the conclusion necessarily follows from the premises.