When attorneys, accountants and other professionals wear expensive clothing, it:
A) only serves as a useful signal of ability if they already have well-established reputations.
B) does not serve as a credible signal of ability because anyone can wear nice clothes.
C) is a waste of money because professionals do not need to signal their ability.
D) can serve as a credible signal of ability.
Correct Answer:
Verified
Q102: Conspicuous consumption is a more effective signal
Q103: When an individual is judged by the
Q104: In the absence of laws requiring individuals
Q105: The pattern in which insurance is purchased
Q106: Even though conspicuous consumption can serve as
Q108: One way sellers can credibly signal that
Q109: Statistical discrimination in the automobile insurance industry
Q110: Insurance companies practice statistical discrimination because:
A)young males
Q111: A warranty on a used car is
Q112: Statistical discrimination occurs when:
A)individuals are judged solely
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