Asked by
sargam bambal
on Nov 30, 2024Verified
Which statement is false?
A) The primary labor market includes jobs in the skilled crafts,management,and the professions.
B) The dual labor market consists of the primary market and the secondary market.
C) The dual labor market theory doesn't account for the huge middle level of occupations-nursing,teaching,social work,and non-college-graduate positions in insurance,banking,and retailing.
D) None of the statements are false.
Dual Labor Market
An economic theory which suggests that the labor market is divided into two segments: the primary (high wage, stable jobs) and the secondary (low wage, high turnover jobs).
Primary Market
The financial market for new securities issues, where companies sell new stocks and bonds to the public for the first time.
Secondary Market
A marketplace where investors buy and sell securities or assets from other investors, rather than from issuing companies.
- Distinguish between the primary and secondary labor markets and their implications for employment.
Verified Answer
JF
Learning Objectives
- Distinguish between the primary and secondary labor markets and their implications for employment.