Which scenario exemplifies an individual in the external labor market?
A) Sarah, a contract worker, working for a certain period specified in a written contract
B) Drew, a temporary worker, being paid by a company for his services
C) Morgan, an engineering graduate, looking for a job
D) Silas, an employee, going through training
E) Jamaal, an employee, securing his financial services certification

Question

Quizplus · Accepted Answer

An individual in the external labor market is someone who is not currently employed by the company and is seeking employment. Morgan, an engineering graduate, fits this description as she is currently looking for a job. The other options describe individuals who are already employed in some capacity, whether it be through a contract, temporary work, or as an employee undergoing training or certification.

Which Scenario Exemplifies an Individual in the External Labor Market