A signal is:
A)an action taken to credibly convey information that is hard for someone else to verify.
B)advance notice of an action that will be taken in the future.
C)a price tag.
D)an indicator of the equilibrium wage and quantity in a market.

Question

Quizplus · Accepted Answer

A signal is a message or action taken by one party with the intention of conveying information to another party. In situations where the information being conveyed is difficult to verify or observe directly, the signal serves as a means of communicating this information reliably. For example, when a job applicant includes a degree or certification on their resume, this serves as a signal to the employer that the applicant possesses certain skills or knowledge that may be valuable to the job.

A Signal Is