In the Signaling Theory of Education

question 296

Multiple Choice

In the signaling theory of education,

• A)discrimination does not affect wage differentials.
• B)schooling makes workers more productive in the long-run.
• C)schooling makes workers more productive in the short-run.
• D)the worker signals to the employer that he is a valuable employee because he was willing to spend time to get an education.

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Definitions:

Corporation Act

Legislation that governs the behavior of corporations, detailing the legal requirements for forming, operating, and dissolving a corporation.

Voluntary Winding Up

The process of liquidating a company's assets and ceasing operations based on the decision of its shareholders or members, rather than by order of a court.

Liquidator

A person or entity appointed to oversee the winding up of a company, managing the process of disposing of assets and paying creditors.

Shareholders' Distribution

Payments made by a corporation to its shareholder members, which can include dividends, stock shares, or other forms of assets.