The model of job search given in the text assumes that workers can estimate all but which of the following:
A)the shape of the wage offer distribution
B)the approximate mean of the wage offer distribution
C)the approximate value of any given wage offer
D)the variance of the wage offer distribution

Question

Quizplus · Accepted Answer

The model assumes workers can estimate the shape, mean, and variance of the wage offer distribution but not the exact value of any given wage offer, as this would require specific knowledge about each potential job, which is unrealistic in a job search scenario.

The Model of Job Search Given in the Text Assumes