Vijay, a Recent Immigrant from India, Has a Degree in Business

question 8

Multiple Choice

Vijay, a recent immigrant from India, has a degree in business administration and 15 years of experience.He has only been able to find work as a clerk at a car rental agency.In thinking about the barriers between primary and secondary markets, what most likely accounts for his lack of success in getting a job for which he is qualified?

• A)There are too few entry-level positions in the primary labour market.
• B)There are too many entry-level positions in the secondary labour market.
• C)He lacks the required training and skill set for a job in the primary labour market.
• D)He lacks an informal network that would link him to a primary-labour-market job.

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Definitions:

Marginal Revenue Product

The extra income derived from the utilization of an additional input unit.

Additional Revenue

Typically refers to incremental income generated from increased sales or services, beyond what is normally expected.

Additional Unit

Refers to the increment of one unit in the quantity of goods or services produced or consumed.

Marginal Product of Labor

The additional output that is produced by adding one more unit of labor, keeping other inputs constant.