For a Signal to Convey Credible Information About the Quality

question 58

Multiple Choice

For a signal to convey credible information about the quality of a good, the signal must:

• A)not be costly to send.
• B)be equally costly to send, regardless of the good's quality.
• C)be less costly to send if the good is low quality than high quality.
• D)be less costly to send if the good is high quality than low quality.

---

Definitions:

American Academy of Pediatrics

A professional organization of pediatricians dedicated to the health, safety, and well-being of infants, children, adolescents, and young adults.

Concrete Operational

A stage in cognitive development, according to Piaget, where children aged 7 to 12 years become capable of logical thinking but are still focused on concrete objects and real events.

Piaget

Refers to Jean Piaget, a Swiss psychologist famous for his theories of cognitive development in children, which outline how intellectual growth occurs through stages.

Upper Respiratory Problems

Health issues affecting the nose, throat, and bronchial tubes, including common colds, sinusitis, and laryngitis.