Which of the following regarding "education as a signalling device" is correct?
A) Higher educated workers may have higher marginal costs to obtain education.
B) Lower educated workers have lower productivity.
C) Higher educated workers have higher productivity.
D) Lower educated workers may have lower marginal costs to obtain education.
E) The role of education in this model is only used as a filter, which has no effect on worker's productivity.
Correct Answer:
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