If Low-Quality Workers Are Unable to Obtain a College Degree,then

question 55

Multiple Choice

If low-quality workers are unable to obtain a college degree,then a separating equilibrium can occur if

• A) the cost of obtaining a degree is less than the wage premium paid to those who have obtained the degree.
• B) the cost of obtaining a degree is greater than the wage premium paid to those who have obtained the degree.
• C) the cost of obtaining a degree is zero.
• D) the wage premium paid to those who have obtained the degree is positive.

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Definitions:

AIDS Crisis

The global epidemic primarily marked by the spread of HIV/AIDS, having significant medical, social, and political implications, particularly highlighted in the 1980s and 1990s.

Unjustifiable Stigma

Negative and unfounded attitudes or beliefs associated with a particular circumstance, quality, or person, leading to exclusion or discrimination.

Obese Person

An individual who has a Body Mass Index (BMI) of 30 or higher, indicating a high amount of body fat in relation to height.

Sexual Orientations

The inherent or enduring emotional, romantic, or sexual attraction that a person feels toward other people.