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Consider the following statements about the signaling hypothesis of education:
a) The signaling hypothesis of education is based on the idea that attending university or college makes people more productive.
b) The signaling hypothesis of education suggests that firms rely on human capital requirements to ensure worker quality.
c) Employers rely on certain signals, such as a college diploma, to gauge a potential employee's abilities because it could lower the cost of acquiring information about the person that is not easily observed.
Which of the statements above is true about the signaling hypothesis of education?
Social Frameworks
Structured patterns and systems within which society organizes, interprets, and interacts, encompassing institutions and cultural norms.
Power Distance
A cultural dimension that reflects the extent to which less powerful members of institutions and organizations within a country expect and accept that power is distributed unequally.
Formality
The condition or quality of being done in accordance with established conventions or protocols, often marked by seriousness or ceremoniousness.
Individualism
A social and cultural ethos that emphasizes the moral worth of the individual, encouraging self-reliance and personal achievement.
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