According to the signaling hypothesis A a slowdown in output signals to

According to the signaling hypothesis a a slowdown in

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81) According to the signaling hypothesis,A) a slowdown in output signals to companies the need to hire more labor.B) a high unemployment rate is a signal to the government to take some policy action.C) a college diploma signals to employers that a person has certain desirable characteristics.D) signaling about job openings occurs in help wanted classified ads.Answer: C81)Diff: 2Page Ref: 554-555/554-555Topic: Future IncomeLearning Outcome: Micro 17: Explain the effects of the factors of production, factor demand, and factorsupply and labor in factor marketsAACSB: Analytic Skills26
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82) Consider the following statements about the signaling hypothesis of education:Which of the statements above is true about the signaling hypothesis of education?82)Diff: 2Page Ref: 554-555/554-555Topic: Future IncomeLearning Outcome: Micro 17: Explain the effects of the factors of production, factor demand, and factorsupply and labor in factor marketsAACSB: Reflective ThinkingTRUE/FALSE. WriteʹTʹif the statement is true andʹFʹif the statement is false.83) The success of Walt Disneyʹs animated filmThe Lion Kingin 1994, increased production ofanimated films, increasing the demand for animators much faster than the supply of animatorswas increasing. As a result, in the market for animators, the equilibrium wage fell and theequilibrium quantity increased.83)Answer:TrueFalseDiff: 2Page Ref: 555/555Topic: Labor Market EquilibriumLearning Outcome: Micro 17: Explain the effects of the factors of production, factor demand, and factorsupply and labor in factor marketsAACSB: Analytic Skills
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  • Spring '11
  • Lee
  • Economics, AACSB, 83, equilibrium wage

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