Asked by
Feven Damer
on Oct 17, 2024
Verified
The primary labor market is a ____ market because wage levels and other benefits are established not just by the forces of supply and demand but also by the power of workers and professionals.
A) free market
B) closed market
C) flexible market
D) bull market
E) regulated market
Primary Labor Market
A sector of the labor market that offers high-quality, secure jobs with good pay, benefits, and opportunities for advancement.
Regulated Market
In a regulated market, various social forces limit the capacity of supply and demand to determine prices.
- Distinguish between primary and secondary labor markets, including how wages and benefits are established.
Verified Answer
LD
Learning Objectives
- Distinguish between primary and secondary labor markets, including how wages and benefits are established.