Which of the following must be true about a signal that is used to reveal private information in order for the signal to be effective ?

Related Mcqs:

In the ultimatum game, what split would be rational for both the person proposing the split and the person who must accept or reject the split ?

A. There is no rational solution B. 75/25 C. 99/1 D. 1/99 E. 50/50...

Jamil’s friend dies of a sudden heart attack. Jamil rushes to his doctor for an expensive physical examination. This response demonstrates that ?

A. People give too much weight to a small number of vivid observations B. People easily change their minds when confronted with new information C. People enjoy going to the doctor D. People tend to plan ahead and follow through on their plans...

Which of the following is a response to People’s inconsistent behavior over time ?

A. all of these answers B. forced contributions to a retirement plan C. year-end bonuses D. efficiency wages...

Nicole wants to avoid buying a car that is a lemon. She takes a car she would like to buy to her mechanic before she purchases it. This is known as ?

A. screening B. signaling C. moral hazard D. adverse selection...

Suppose that 40 percent of the voting population wish to spent Rs1,000 for artwork in City Hall, 25 percent wish to spent Rs20,000 and 35 percent wish to spend Rs 22,000 What is the median preferred outcome, the average preferred outcome and the modal preferred outcome ?

A. Rs20,000; Rs20,000; Rs22,000 B. Rs1,000; Rs14,333; Rs1,000 C. Rs20,000; Rs13,100; Rs1,000 D. Rs1,000; Rs20,000; Rs22,000...