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The Essential Premise of Neoclassical Labor Market Theories Is That

Question 13

Multiple Choice

The essential premise of neoclassical labor market theories is that "you take out what you put in"? What makes this unrealistic in practice?


A) It assumes one can invest in her human capital investments (education, training, and so) and get back an occupation irrespective of the labor market.
B) It assumes that everyone is White and male and leaves out the systemic inequalities and a real marketplace that limits opportunities.
C) This would only work if there were always seller's market for one's services.
D) This adage is utopian and leaves out scarcity and functional-importance factors.

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