Michael Spence Posits That High-Ability Workers Are Able to Choose

Michael Spence posits that high-ability workers are able to choose just the right amount of education to signal that they are high-ability because:

A) high-ability workers find it less costly to acquire education than low-ability workers.
B) high-ability workers have greater productivity gains from education than low-ability workers.
C) employers value education in and of itself.
D) high-ability workers enjoy school more than low-ability workers.
E) low-ability workers value leisure more than high-ability workers.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Sign up to view answer