Which of the Following Is NOT True About the Theory

question 14

Multiple Choice

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.

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Definitions:

Low Risk Assets

Financial assets that are deemed to carry a low chance of losing value, typically offering lower potential returns.

High Risk Assets

Investments that offer the potential for higher returns but come with a greater possibility of loss.

Return

The process of bringing back a purchased product to the seller or store, often for a refund or exchange.

Monopoly Firm

A company that is the sole provider of a product or service in a market, resulting in a lack of competition.