Log out Go to App
Go to App

Learning Materials

Features

Discover

Chapter 16: Problem 13

Which statement is true? (LO1,3) a) The primary job market has most of the good jobs. b) The secondary job market has most of the good jobs. c) Neither the primary nor the secondary job market has the best jobs. d) None of the above.

Short Answer

Expert verified
The correct answer is statement A: "the primary job market has most of the good jobs".

Step by step solution

01

Understand Primary and Secondary Job Markets

To make an informed decision on the true statement, we must first define primary and secondary job markets. The primary job market refers to jobs with better working conditions, security, and higher wages. These jobs are often referred to as the "good jobs." The secondary job market, on the other hand, includes jobs that are less desirable, have fewer benefits, lower wages, and are less stable.
02

Evaluate Statement A

The first statement says that the "primary job market has most of the good jobs." Since the primary job market is defined by better working conditions, security, and higher wages, this statement appears to be true.
03

Evaluate Statement B

The second statement says that the "secondary job market has most of the good jobs." Given that the secondary job market is characterized by less desirable, low-wage, and unstable jobs, this statement is false.
04

Evaluate Statement C

The third statement says that "neither the primary nor the secondary job market has the best jobs." This statement implies that there is no distinction between the primary and secondary job markets when it comes to job quality. However, we already know the primary job market offers better conditions and wages compared to the secondary job market. Therefore, this statement is also false.
05

Evaluate Statement D

The fourth statement says, "none of the above." Since we have already identified that statement A is true, statement D is false.
06

Choose the Correct Answer

Based on our evaluation, statement A, "the primary job market has most of the good jobs," is the correct answer.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Start your free trial

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

Which statement is the most accurate? (LO6) a) The fall in real wages between 1973 and 1993 was the longest in our history. b) Although real wages fell between 1973 and 1993 , by 2007 they were the highest they have ever been. c) Real wages fell in the 1970 s and \(1980 \mathrm{~s}\), and money wages fell even more. d) The period between 1973 and 1993 was a period of rising real wages.

The possibility of earning economic rent is great if (LO5) a) the supply of a factor is very high relative to demand b) the demand for a factor is very high relative to supply c) both demand for a factor and supply of a factor are high d) both demand for a factor and supply of a factor are low

Which statement is the most accurate? (LO8) a) Employment discrimination has been almost entirely wiped out over the last few decades. b) The glass ceiling no longer exists. c) Nearly everyone agrees that Walmart is an equal opportunity employer. d) Women have won huge settlements in sex discrimination suits against their employers.

According to the theory of the backward-bending labor supply curve, (LO2) a) first the substitution effect sets in, then the income effect b) first the income effect sets in, then the substitution effect c) the substitution effect and the income effect set in at the same time d) there is neither a substitution effect nor an income effect

Conservative economists believe the minimum wage law (LO7) a) helps all workers equally b) hurts all workers equally c) hurts teenagers more than other workers d) helps teenagers more than other workers
See all solutions

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free