Microeconomics
How does a college degree serve as a signal to potential employers?
What are the prerequisites for implementing effective signaling and screening strategies in real-world scenarios?
In what way does a college degree act as a signal in the job market?
Consider two health insurance plans: Plan A with a low premium and high deductible, and Plan B with a high premium and low deductible. Which plan is more likely to attract high-risk individuals and why?
Which of the following is an example of signaling in a used car sale?
In what way do signaling and screening differ in their approach to resolving information asymmetry?
What is screening in the context of information asymmetry?
How does a deductible plan serve as a screening tool in health insurance?
Why might an employer choose to implement commission-based pay?
How does offering a warranty signal product quality in a market with information asymmetry?
