According to the Signalling View, Education

question 28

Multiple Choice

According to the signalling view, education

• A) can make any worker into a superstar.
• B) increases human capital and the wages of workers.
• C) only helps firm's sort workers into high-ability and low-ability workers.
• D) reduces the wage gap between high-skill and low-skill workers.

---

Definitions:

Excess Supply

A situation where the quantity of a product offered for sale by producers exceeds the quantity that consumers are willing to buy at a given price.

Quantity Supplied

The total amount of a specific good or service that producers are willing and able to sell at a particular price over a given period of time.

Quantity Demanded

The specific amount of a product that consumers are willing and able to buy at a given price over a certain period of time.

Excess Supply

A situation where the quantity of a product or service provided by producers exceeds the quantity demanded by consumers.