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:

Extracurricular Activity

Activities that fall outside the scope of the regular academic curriculum, often involving sports, clubs, or volunteer work, which contribute to a person's education.

Parenting Style

The emotional climate, practices, and behaviors that a parent uses in their child-rearing.

Demands

Requirements or needs that are placed upon an individual by themselves, others, or the environment, which can range from simple tasks to complex responsibilities.

Permissive

A style or approach characterized by a high degree of freedom and leniency, often used to describe parenting or leadership styles.