Which of the following is an example of a situation in which each worker's ability is public information and is observed by workers and firms?
A) a seasoned athlete
B) a young soccer player
C) a recent college graduate
D) an assistant professor
E) a high school student

Question

Quizplus · Accepted Answer

A seasoned athlete is an example of a situation in which each worker's ability is public information and is easily observable by other workers and firms. This is because the athlete has a track record of performances that can be easily accessed and evaluated by potential employers.

Which of the Following Is an Example of a Situation