Asked by Brent Markovich on Jul 05, 2024
Verified
Which of the following is NOT true about the theory of the dual labor market?
A) It is a class theory of employment.
B) The dividing line between the primary and secondary markets is whether you have a college degree.
C) Jobs in the secondary market pay better than those in the primary market.
D) This theory does not take into account the huge middle level of occupations-nursing,social work,and non-college-graduate positions in insurance,banking,and retailing.
Dual Labor Market
A theory of the labor market that suggests it is divided into two segments: the primary market, which offers good jobs and the secondary market, known for poor working conditions and low pay.
Primary Market
A financial market where new securities are issued and sold for the first time to investors.
Secondary Market
A marketplace where investors buy and sell securities or assets from other investors rather than from issuing companies directly.
- Identify the differences between primary and secondary labor markets and their respective characteristics.
Verified Answer
Learning Objectives
- Identify the differences between primary and secondary labor markets and their respective characteristics.
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