The primary labor market is a ____ market because wage levels and other benefits are established not just by the forces of supply and demand but also by the power of workers and professionals.

Question

Quizplus · Accepted Answer

The statement mentions that wage levels and benefits are not solely determined by the forces of supply and demand, but also by the power of workers and professionals. This suggests that there are regulations in place that influence these factors, such as labor laws and collective bargaining agreements. Therefore, the primary labor market is a regulated market.

The Primary Labor Market Is a ____ Market Because Wage