Which of the Following Is a Central Principle of Labour

question 11

Multiple Choice

Which of the following is a central principle of labour market segmentation theory?

• A) Labour market outcomes are almost always meritorious.
• B) There is no single, open labour market in any economy.
• C) Education is really the only factor that matters in determining who gets better jobs.
• D) Globalization has led to better jobs disappearing in western industrialized economies.

---

Definitions:

English Auction

A bidding process where the price ascends and the highest bidder wins, commonly used in selling art, antiques, and collectibles.

Bidding Agents

Bidding agents are systems or software designed to automatically place bids on behalf of users or organizations, often used in online auctions or digital advertising platforms.

Ebay

An online marketplace and auction platform where individuals and businesses can buy and sell a wide variety of goods and services.

Vickery Auction

An auction in which the highest bidder wins but pays the second highest bid price, encouraging true value bidding.