In the signaling theory of education, (i) schooling itself does not lead to more productive workers.
(ii) the worker signals to the employer that he is a valuable employee because he was willing to spend time to get an education.
(iii) schooling enhances worker productivity.
A) (i) and (ii) only
B) (ii) and (iii) only
C) (ii) only
D) (iii) only
Correct Answer:
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