If in the model for educational attainment among workers a pooling equilibrium emerges then workers' choices about education send:
A) no signals.
B) weak signals.
C) strong signals.
D) contradictory signals.

Question

Quizplus · Accepted Answer

In a pooling equilibrium, all workers choose the same level of education regardless of their true abilities or skills. This means that education level no longer serves as a signal of worker quality or productivity. Therefore, workers' choices about education send no signals in a pooling equilibrium.

If in the Model for Educational Attainment Among Workers a Pooling